Tuesday, November 30, 2010

Punting Apple - AAPL

I am punting short one unit of  Apple ticker AAPL here at $312.20




The reason?


Maybe boredom, possibly disdain or maybe the head and shoulders formation on the stock that has been developing since early October, not that any technical pattern is worth trading on anymore mind you.


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 U.S. Dollar Bull ticker UUP @ $22.56 stop @ $21.44
Long 1 unit Powershares Gold Dbl Short ticker DZZ @ $8.38 stop @ $7.84
Long 1 unit Powershares Gold Dbl Short ticker DZZ @ $8.61 stop @ $8.04
Long 1 unit Powershares Gold Dbl Short ticker DZZ @ $8.65 stop @ $7.98
Long 1 unit Barclays 20yr Treas Bond ticker TLT @ $95.61 stop @ $94.69
Short 1 unit Apple ticker AAPL @ $312.10 stop @ $314.71


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