Added To Index Shorts, SPPI Rocking

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May 11, 2009

Junk portfolio is up more today thanks to the extra 18.8% gain in SPPI today. That particular position is up over 128% from the buy.

Index shorts made money today $RUT did 4% $NDX actually closed breakeven, but since I added to my shorts and priced at 10:45 the $NDX fell from that level and made money. I’m now back to heavy short the $NDX and $RUT.

I also own a little RZ into tomorrow’s earnings.

Lots of winners off the watchlist scans. TSFG continued, GKK, and on and on. DVAX moved and looks good still. BFRM looks interesting. I have a little bias going on right now not to play these watchlist stocks as I’m expecting the market to drop and these little stocks are always vulnerable to market tides.


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