Monday, February 28, 2011


As the title says congratulation are in order. First up Ireland as the election results in Ireland are now in and by a resounding margin step one is now complete. Congratulations my Irish friends.

Step two is now in order for the Irish. Think the banks, EU and IMF all you Irish men and women, now add your middle finger.

Next up Inside Job.
Congratulations are also in order to Charles Fergusson winning an Oscar with his documentary Inside Job. It was refreshing to hear Mr. Fergusson state something that I have ranted about over and over again. NO ONE IS BEHIND BARS.

Yet still, no one gives a rats ass.

My guess is that when the tatooed, Prozac'd, Cymbalta'd, Zoloft'd, Abmien'd Lunesta'd, American Idol'd, TMZ'd, NFL'd masses finally wake up your seat belts should be fastened and
make sure that your seat backs and tray tables are in their upright and locked positions.

Housekeeping notes;

On Friday I was stopped out of 1 unit AAPL at $346.12 for a loss of almost 3pts 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 @ $96.70
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 @ $98.25
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
Short 1 unit Freeport McMoran ticker FCX @ $56.40 stop @ $57.76
Short 1 unit Darden ticker DRI @ $49.51 stop @ $60.11

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