9/7/2008 8:42:24 PM
Hello Everybody
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Trade Actions:
We are down to 4 positions in a 10 position account. I am trying to find a way to move into a balanced portfolio. Still I can't help putting in an order for Natural Gas.
So Buy GAZ @ 45 or better. Also
Buy PSQ (Ultra Short Nasq ) @ 58 or better.
Market Outlook/Potential Opportunities:
The stock market is trying to extend it's gains, but is struggling. It might go on for another couple of weeks and then roll over down one more time. I am still looking to add a couple of Short ETF's. ( like PSQ ) The inflation hedges are still under pressure. Gold, Nuclear and Biofuel are long term holds. Still we need to put in some stops in case this change in direction gets worse.
Current Long Portfolio:
Long GLD ( Street TRACKS Gold ) at 90 | It closed at 79 | Stop at 73 |
Long NLR Nuclear Energy @ 32.59 | It closed at 26.62 | Stop at 25 |
Long FUE Elements BioFuel @ 10.0 | It closed at 9.2 | Stop at 9 |
Long HHJ Emerging Cancer @ 16.5 | It closed @ 15.9 | Stop at 15 |
Current Short Portfolio:
None
Recently Closed Positions
Long CGW Global Water @ 25.55 | Stopped out at 22 |
Long PXN Nanotech @ 14 | Stop out at 13.5 |
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Thank You
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