They Hit Our Bait On Our Profits

By: Bill West | Sun, Oct 12, 2008
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10/12/2008 8:34:09 PM

Hello Everybody

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Trade Actions:

Market Outlook/Potential Opportunities:

The stock market is approaching a tradable bottom. I tossed out some extended prices on our profitable positions hoping the market would hit the bait. Sure enough the bait was swallowed and we landed great profits during this crash. Time will tell if we should have held out for more. I expect a little couple of day rally followed by one more collapse and then a more extended rally. Maybe on the next move down toward the later part of this month we will get long.

Current Long Portfolio:

Long GAZ Natural Gas @ 45


It closed at 39.18

Long GLD (Gold) @ 89.90


It closed at 83.22

Current Short Portfolio:

Recently Closed Positions

Long PSQ (Ultra Short Nasq) @ 61


It closed at 84

Long AGA (Ultra Short Agriculture) @ 29.5


It closed at 43

SKF (UltraShort Financials) @ 119


It closed at 200

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Thank You

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Bill West

Author: Bill West

Bill West
Fat Pitch ETF Advisory

Bill West

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