Tuesday, July 8, 2008

Brought Back Old Friends

IYR theory is so far a failure (thx to Ben handing out our tax money), in fact I tried to sell the thing.

Bought: IPI Aug60call, HK Sept45call

i am back in the Ags & coal. Why? Because my bear portfolio is going to get whacked tomorrow I needed to hedge and jump into this rally... tho i think it will be short lived...

So, I got
2 bulls: IPI & HK
5 bears: IYR, RIMM, PCLN, RHT, DUG

I have no idea what happens tomorrow, Long term bear, short term big mean bull with 25K horns

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