Getting overly aggressive on the short side does not make sense. Currently UNG and USO are my main short term holdings. In addition to these short term trades i am purchasing AUY in premarket at $10.24. Putting a stop just below $10 at $9.90 looking to get $11.00.
So i am changing my stance from short to long for the next couple of weeks.
The portfolio is pretty hedged here with my long term holdings of TLT, UUP, and VXX. In a perfect world these short term trades will off set my long term holding losses for the next couple of weeks.
Monday, February 1, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment