Thursday, February 26, 2009

12.25-to-1 Net-Short (back from the weeds)

[Note: Still Wounded Financial's (dumster-diving list of eligible shorts) are just below...]

An exciting wave of selling ensued following the FDIC's report of the number of troubled banks in the nation (increased 47% latest quarter). [Edit - and more gradually earlier, following the administration's new budget plan.] Put-to-Call ratio's today are eerily low and don't be surprised to see lows (wickedly) violated in the Dow/SPX tomorrow or Monday.

My trades are on the Twitfeed on the right >>>, but here is the updated (SHORT) portfolio...

Total Position: currently 12.25-to-1 net-short (50% invested)...

Currently Short (according to size): SRS-long (Real-Estate Dbl-short), QID-long (NDX Dbl-short), SIVB, ETN, AEM, XEC
(Note: above long inverse-ETF's SRS and QID represent being dbl-short respective indices)

Currenty long: SEPR

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