Sunday, December 27, 2009

Merry Christmas

I just wanted to take a moment to wish all my readers and their loved ones a very Merry Christmas. Fortunately I am far too busy enjoying this special time of year with family and friends to post of late and would strongly urge others to do the same.

I will get back to posting in the next few days.

Again Merry Christmas everyone.


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 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $6.05
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $8.49
Long 1 unit Ultrashort Real Estate ticker SRS @ $9.82
Long 1 unit Direxion Tech 3X Bear ticker TYP @ $10.68
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97
Short 1 unit i-shares Russell 2K ticker IWM @ $61.70 stop @ $63.80

2 comments:

Anonymous said...

So Harley, Are you going to ride SRS to Zero. I'm pretty surprised that you keep revisiting this after getting hammered all year long in it. I just dont get it. It actually never set up the last 6 months as a good trade and when these leveraged ETFS get hammered they lose their ability to do what they are suppose to do. The RE market could crash violently and you would make Squat with SRS now. Jesse would not be very happy with you but Its harder to be a prudent speculator then it sounds.

Harleydog said...

Anon,

Thanks for your comments. I would suppose differing opinions is what makes a market. Similar arguments to the ones you make were made back in 2008 which is as it should be.

Good speculating to you and a Happy New Year as well.

HD