Wednesday, September 2, 2009

STOPs Maintenance

Housekeeping notes;

As a defensive measure against the various high frequency dirt bags, errrr excuse me, liquidity providers, and front runners (Goldman Sachs) that now rule the market I wish to raise some stops to break even.

Yes I realize I run the risk that these previously mentioned opportunists of our new version of purportedly 'free market' capitalism can run and gun the stops only to crush the stock later. Ya think the SEC would ever look into this.

Ha Ha Ha too funny. The same outfit of Keystone Cops that couldn't see the wart on their nose that was Bernie Madoff, handed to them on a silver platter by Harry Markopolous. Talk about requiring a skill set above their pay grade. When you play cards with thiefs, thugs and cheats you have 2 choices, either don't play (stay in cash) or you need to expect they will pull every deceitful trick in the book.

Too bad is isn't like a card game back in the frontier land that was the wild west, where a six-shooter on everyone's hip kept all at the table honest.

Any way I want to, so I can sleep better, raise my stops on the following just as precautionary measures against more hallucinatory green haze... errrr I mean shoots popping up.

FXP to $10.14 and $10.54
SRS to $11.93
JPM to $43.66
ANF to $33.31
ARO to $40.91

Good speculating and remind them to please don't ever forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 2 units Ultrashort FTSE/Xinhua 25 ticker FXP @ $10.58 stops @ $10.14/$10.54
Long 1 unit Ultrashort Real Estate ticker SRS @ $11.93 stop @ $11.93
Short 1 unit JP Morgan ticker JPM @ $43.66 stop @ $43.66
Short 1 unit Abercrombie ticker ANF @ $33.23 stop @ $33.33
Short 1 unit Aeropostale ticker ARO @ $40.81 stop @ $40.91
Short 1 unit Amazon ticker AMZN @ $79.86 stop @ $81.11
Short 1 unit 3M Company ticker MMM @70.95 stop @ $73.93

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