Tuesday, September 28, 2010

Short Some 'In Vogue' Stocks

Based on this mornings action, that of dump then pump, I am prepared to punt on the short side the following venerable names:

1 unit of IBM here at $134.80
1 unit of AMZN here at $160.10
1 unit of NFLX here at $163.40





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 @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $22.52
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 92.15 stop @ $92.15
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 93.48 stop @ $93.48
Short 1 unit Bank of Nova Scotia ticker BNS @ $51.65 stop @ $53.41
Short 1 unit Int'al Bus Mach. ticker IBM @ $134.70 stop @ $135.71
Short 1 unit Amazon ticker AMZN @ $160.00 stop @ $162.11
Short 1 unit Neflix ticker NFLX @ $163.30 stop @ $ 166.31




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