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Recently Closed Positions:
Current MPY: +11.3%
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Day Play:
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3-Day Play:
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Longer:
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Commentary:
QQQQ - with the NASDAQ below 2000 now we have moved on a large position in the cubes at $37. A big bet on congressional approval of the bailout. If congress actually shows some sense and rejects any intervention we are happy to be committed longer to this fund. It is quite unlikely that this won't pop on Friday.
PEIX the new plan comes with new alternative energy credits attached. Despite having no clue what that has to do with a bill meant to save the markets from greedy bankers we will capitalize anyway. We entered at $1.37.
DBA we entered this as well. $28.80. Expect a pop on the new bill. Will likely hold for long term on this one.
KFT we dumped our position just in the green. It was sitting too long in our portfolio. | |
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Daily or Weekly BS!
Just so you know, we hate the bailout. Hate it with a passion. However ideology has never made any investor money. Realism is wisdom, and we must respond to what we know the rich suits in Washington will do. Hence our quick strategy modification.
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