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28 May
Posted by Sensei @ 5:50 pm on Thursday, May 28th, 2009 in Leveraged ETFs, Leveraged Funds, Trades
Took losses in the index shorts today. This market is rough, but can’t ignore the price action. I won’t be shorting it anymore until I see turn to the downside in my signals. Yes I’ve been trying to jump them. The difference this time around is that I’m not hanging around more than 1 day. Keeping losses in check.
I bought BGZ, SRS, FAZ, SRS again, and TZA this morning. The only thing I sold for a gain was TZA.
The market indexes seem to be at a tipping point here that could either start another leg higher or a one week move to new highs that would bring a selloff in June.
I sold my junk portfolio this afternoon for a total gain (minus commissions) of 54.27%. The big winners were SPPI, SYNM, and GMO. Technically I shouldn’t have sold any of them, but happy with what came of these little stocks. Now I get to look for something else.
The only stock I own is GRS right now.
Tags: GMO, market indexes, SPPI, SYNM
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