Tuesday, October 20, 2009

Getting Short (y)



The time has come to test the short waters yet again, a basket of shorts if you will, by getting long 1 unit each of the following:


BGZ @ $19.24
TZA @ $11.25
EDZ @ $5.95
FXP @ $8.22
SRS @ $9.72

I will post stops later today. Actions today have a little something to do with the U.S. dollar.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 1 unit Direxion Small Cap 3X Bear ticker TZA @ $11.35
Long 1 unit Direxion Emerg Mkts 3X Bear ticker EDZ @ $6.05
Long 1 unit Ultrashort Xinhua China ticker FXP @ $8.32
Long 1 unit Ultrshort Real Estate ticker SRS @ $9.82
Long 1 unit Ultrashort Russell 2K ticker TWM @ $27.50 stop @ $26.40
Long 1 unit Uranium Energy ticker UEC @ $3.60 stops @ $3.09/$3.18
Short 1 unit i-shares Russell 2K ticker IWM @ $61.70 stop @ $63.80
Short 1 unit Vornado ticker VNO @ $68.30 stop @ $70.71
Short 1 unit Bed Bath ticker BBBY @ $37.75 stop @ $38.41

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