Monday, April 14, 2008

Bought a small position in DUG

At 34.19.

It is a very small position. I will add more if it goes down around /lower than 33. Stop at 32.

Now with Wachovia you see that this banking thing being almost over is a bunch of crap. SKF almost fell to around 100 and is now up around 120. I stayed away at the time but the more research with level 3 accounting and the like the more I understand the stronger the conviction. I will likely add back to SKF if it reaches levels under 105 again. It's a tough sector to short bc of the large short squeezes so a small position only if it hits my price range.

Positions:
TWM
DUG

This blog is for informational purposes only. It does not give investment advice.

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