Friday, December 3, 2010

Some Odds and Ends

Had some computer trouble the last couple days, thought it was fixed, but it wasn't, but now it is... finally! 

In the mind numbing news department a senior advisor to the Canadian Prime Minister Stephen Harper, professor at the University of Calgary one Tom Flanagan, has called openly for the assasination of Wikileaks principle Julian Assange. 


These are the type people in positions of power and influence across the globe? Have we gone mad?
A couple of days ago I recommended readers who wanted an alternative perspective to the Wikikeaks story to have a peek at Glenn Greenwalds's excellent piece Wikileaks reveals more than just government secrets.


As you all know Amazon dropped Wikileaks web site at the urging of Sen. Joe Lieberman. The Wikileaks site has now resurfaced in Sweden and yet again now in Switzerland. Does anyone else find the hypocrisy in all of this overwhelming? 


Well, the author Greenwald has a follow up piece The moral standards of Wikileaks critics that is just as worthy of your time. The piece carries the absolutely fantastic spot on cartoon shown below made by MacLeod Cartoons.




Then I came across this video below entitled The Madness of a Lost Society. Not a very flattering portrayal of us to be sure.

video



Housekeeping notes:


Wednesday I was stopped out of my AAPL position at $315.27 for a loss of just over 3pts as it gapped up at the open.

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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