Thursday, August 25, 2011

Patience Rewarded - Punting MasterCard

Patience has its virtues. I missed the chance at Mastercard a few days ago and refused to chase it. This morning I am taking the oracle's BAC bounce, don't get me started there, to get short 1 unit of MasterCard (ticker MA) here at $324.92

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
Short 1 unit MasterCard ticker MA @ $324.42 stop @ $330.11

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