Thursday, October 7, 2010

Priceline and Apple

Still watching AXP quite closely for an entry opportunity, but still no bounce from the debacle a few days ago. A bounce to 39.50-75 would be very welcome. 

This rally on AAPL looks fadable as I am yet again testing the waters and shorting 1 unit of AAPL here at $288.

I am also punting short 1 unit of momo crowd favourite Priceline, ticker PCLN, here at $329.05


Some charts to follow.

Housekeeping notes;

Yesterday I was stopped out of the following positions:


1 unit of AAPL @ $290.64 for a loss of about 3 pts. on 1 unit
1 unit of UUP @ $22.52 for a flat trade.


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 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 Amazon ticker AMZN @ $160.00 stop @ $162.11
Short 1 unit Baidu ticker BIDU @ $103.45 stop @ $105.11
Short 1 unit of Apple ticker AAPL @ $287.90 stop @ $292.21
Short 1 unit Priceline ticker PCLN @ $328.95 stop @ $336.06

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