Great Trades

Great stock trades based on fundamentals and technical analysis.

Thursday, March 05, 2009


Covered shorts, Long GE, HIG, BAC, PTV

With the market giving up all of yesterday's gains and more, our trading model is taking profits on our S&P 500 short (SPY 70.1) and taking trading long positions in the S&P 500, GE under 7, HIG in the lower 4's, BAC in the low 3's, and PTV in the mid-11's. Speculative traders can go long financials 20%. We still don't think the bottom is in yet, but there could be a sizable bounce soon.

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

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