Wednesday, October 13, 2010

Punting American Express - AXP

My apologies for not posting the last few days as I was far to busy enjoying 70 degree plus weather here in Michigan to do some end of the season golfing with some friends. Wonderful people, with some fantastic golf courses, mixed in with the color changes of autumn made for a delightful experience.

Well, we got the bounce on AXP into the zone we expected (today)  hence  I am now short 1 unit of AXP here at $39.50.

Housekeeping notes:

While away I was stopped out of the following;

1 unit of AAPL Thursday last week at $292.22 for a loss of just shy of 4.5 pts on 1 unit. 
1 unit of PCLN Thursday last week at $336.60 for a loss of almost 8 pts on 1 unit.

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 American Express ticker AXP @ $39.45 stop @ $40.51

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