Shorts Are Working, Made Some Changes

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April 11, 2007

In case you don’t know, I’m short in index funds and hold long TWM and QID. The shorts are working nicely with gains of over 2% right now.

Wouldn’t you know it TOA is starting to make a move after I sell it yesterday. I own it in my CNBC portfolio :) .

Glad to have gotten out of the BRCD calls when I did. Instead of the 87.5% gain on the total position, I would be looking at a -25% loss today.

URRE still going strong. Got out of it without a reason and there it goes. Still not overbought.

Sold WU in my IRA. Its a great slow mover, but I’m not looking for slow. I bought NAPS. It looks like it wants to run. A minor tweak of my scans showed NAPS and I like the looks of it for the short term.




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