Thursday, April 03, 2008

20080403 PM

The VACATION TIME was great.
Many positions taken out by trailing stops. Had tried to use wide stops, which resulted in selling out at low prices. Next time taking time off, either keep the stops tight or preferably just close the positions.

ANO
PDS 22.93 +.11 on very light volume. Sell here.
VGZ

DUG 36.06 -.14. Ultrashort Oil & Gas Consider buying here.
FXP 77.42 -7.17 UltraShort FTSE/Xinhua China 25 Proshare

Short candidates:
AUY 14.38 -.19.
LOW 24.32 -.26.
PCU
XLB 42.49 +.76. Materials Select Sector. Short here, looking for 40.

Long candidates to start watching:
GM 21.59 +.62. 5% dividend. Look to buy around 20.
PHO 20.21 +.07. PowerShares Water Resource

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