Wednesday, September 24, 2008

Trade Update

I sent the following trade update to report members this morning:

I added two commodity shorts this morning on strength, PCX ($39.44)and POT ($168.82). Both are small positions. As you know, I shorted POT yesterday and took profits on 3/4 the position. I now am up to 1/2 my original position size.

Yesterday I covered 3/4 of the position sizes in each of my short positions at the close. I am holding on to the remaining 1/4 positions (plus the addition too POT), in case there is another leg down. My stops have been moved up to entry point.

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