Wednesday, December 15, 2010

David Stockman Interview

Dylan Ratigan had a great interview recently with Office of Management and Budget (OMB) David Stockman. You can click here to see the video. 

Saw the Best Buy news yesterday. Is it me or weren't holiday retail sales supposed to be nirvanic. Maybe BBY didn't get the memo.

Housekeeping notes:

Last week, Tuesday the 8th to be precise, I was stopped out of my TLT trade at $93.39 for a loss of about 1/2 a pt. 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 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 

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