Sunday, May 20, 2012

I closed out all my positions Friday. No particular reason other than a hunch. My hunch is that the European Central Banks are going to come up with a bridge formula that will allow Greece to either opt out of the Euro or stay in the Euro. In either case the central banks of the world will probably get their heads together and provide a tsunami of money to prop up everything whichever way Greece decides to go. Greece has gone all in and called Europe's bluff. They have said they are not going to impose budget cuts so the European Central Banks can either put up or shut up. I think they will blink and their will be a coordinated effort to prop up all the government bonds and the big banks. If this is the case I think their will be a relief rally that will probably carry into late summer. As all of my positions were short they ran the risk of being wiped out in a week or less of a climbing market. Here is the final tally for this trade. Not bad for a 2 or 3 week trade. Now on to the next bet.  

SYMBOL/NAMEPRICE*CHANGELAST
TRADE
GAIN/LOSS
(USD)
SHARESPRICE
PAID
PURCHASE
DATE
GAIN/LOSS
(USD)
% CHANGE% PORTVALUE
(USD)
   DUG:US ($)
ProShares UltraShort Oil & Gas
28.5258+0.395805/18
+39.58
10024.655Multiple
+387.08
+15.7014.37
2,852.58
   DXD:US ($)
ProShares UltraShort Dow30
57.57+0.7105/18
+71.00
10053.04Multiple
+453.00
+8.5429.00
5,757.00
GLL:US ($)
ProShares UltraShort Gold
18.2099-0.440105/18
-44.01
10017.5305/03/2012
+67.99
+3.889.17
1,820.99
UBT:US ($)
ProShares Ultra 20+ Year Treasury
71.74-0.06805/18
-6.80
10065.1705/03/2012
+657.00
+10.0836.14
7,174.00
UUP:US ($)
PowerShares DB US Dollar Index Bullish Fund
22.46-0.0905/18
-9.00
10022.2005/07/2012
+26.00
+1.1711.31
2,246.00
Totals
+50.77
 
+1,591.07
+8.71 
19,850.57

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