Great Trades

Monday, March 09, 2009

Adding more longs

On today's gap down, our trading model is adding to long positions. Added 20% more S&P 500 and 10% long financials, with speculative traders adding 20% long financials and 20% more long S&P 500.

Financials remain a very high risk sector, but we believe the bigger risk at this point is to the upside. The government may intervene at any time, but we believe there's potential for positive intervention soon.

Open Positions: 40% long S&P 500, 10% long financials, 10% long GE, 5% long HIG, 5% long BAC, 5% long PTV, speculative traders long financials an additional 40%, long an additional 20% S&P 500, short gold to hedge.

posted by GreatTrades  # 9:35 AM

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Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.