Thursday, March 4, 2010

Punting Goldman Sachs


Back on Feb 1 I posted a monthly chart on Goldman and stated the following comment;

"Time will tell if GS will rally back to the neckline giving those who missed it a 2nd chance."

Well today, a little over a month later, patience has proven to be a virtue as we are getting that chance as Goldman rallies back up to kiss the neckline from underneath. I am therefore punting 1 unit of Government Sachs, you know the cats doing God's work, short here at $162.15 with a stop at $171.21


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 2 units Direxion Tech 3X Bear ticker TYP @ $10.52
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97

Short 1 unit Daimler ticker DAI @ $52.23 stop @ $52.23
Short 1 unit CurrncyShr Aus Dlr ticker FXA @ $89.65 stop @ $91.71
Short 1 unit Goldman Sachs ticker GS @ $162.05 stop @ $171.21





2 comments:

Sean said...

Glad to see ya back! I check in often. Your charts are marvels of clarity. Many thanks!

Sean

Harleydog said...

Sean,

a sincere your welcome to you. Your kind words are much appreciated.

HD