Saturday, April 12, 2008

12 April 08

I havn't posted to here in many weeks having been busy with other things but currently my trading account is up 33% since it's inseption. I'm currently short 3 E-mini S&P contracts over the weekend and am looking for further downside, hopefully into new lows in the bearish trend.
My stock trading account is up by over 50% since focusing my capital in the Investment banking and Savings and Loan areas on the short side. My current positions are short 2k of WM another 500 shares short in Leh and lastly 1k short in NYL. I noticed that the banks/brokers held up well on fridays strongly down GE market and am now thinking about covering this positions and looking at other sectors to ride the bearish cycle down with.