Stocks For Lunch

For Wed., 9/2 ...

This morning I am going to try to add one short -- ARCC.

Will try to short it above 9.15 - 9.20.

A simple plan ...

This may be the real deal.

At least things are setting up nicely for a major decline.

I think the safest way to play this is to put on a short or two.  As soon as they decline to a reasonable price to place a break-even stop, put on another short position in a different stock.

That way, the greatest risk is slippage and commission expense.

And the potential is great.

Up $2.23 per share today.

Up $17.00 per share since 7/15/09.

The game plan ...

Current assumption is that the broad market is completing a substantial rally in a bear market.

If true, there will be great profits from short selling.

It is quite possible that Friday's high in the DOW was the 52 week high! However, this is not yet proved.

The plan is to slowly build a portfolio of short positions.

If current positions are stopped out, will wait for next market high and simply start again.

Today, will add short position in EK.

Yesterday, down 0.43 per share.  Still up 14.77 per share since 7/15/09.

Change in plans for today ...

Although I feel it is safe to buy FAZ and SRS, have decided not to.

Placing limit orders to sell short 3 stocks:

  -ALL
  -TXT
  -XRX

For Monday, 8/31 ...

Probability favors being short.

Will try to buy 2 short ETFs  -  SRS and FAZ.

And try to sell short 2 stocks - ALL and TXT.

Up $15.20 per share*

No positions going into the weekend.

Please see twitter updates (blog sidebar) for recent in and outs.

Up $2.66 per share yesterday.

Up $0.97 per share today.

*since 7/15/09 start

For Thursday, 8/27 ...

No changes.

Just stop placements.

We'll see.

Up 0.02 yesterday.

Up $11.57 per share to date.

One new order for 8/26 ...

Sell short ORCL, limit order 22.20.

For Wednesday, 8/26 ...

No changes for today.

Just gonna watch the crop.

Every order was filled yesterday, and each is posted on the twitter update on this page.

Up $1.19 per share yesterday.

Up $11.55 per share since 7/15.

 

For Tuesday, 8/25 ...

I'm placing limit orders to buy these --

  -EEV
  -TZA
  -SCO
  -UNG
  -TYP
  -SMN

Down 0.43 yesterday.

Up $10.36 per share since 7/15.