February 16, 2009 – Adding shorts | The Chartist

ASX Commentary

February 16, 2009 – Adding shorts

Mon, Feb 16, 2009

We added a new short in MIG today taking the total short positions in this model account to 2, the other being FXJ. Subscribers are also short PBG but I was unable to facilitate that trade for personal reasons. The US markets offered some good news on Thursday after a strong closing statement, although this waned on Friday putting those indices into negative territory for the week. Tonight is a public holiday in the US so we’ll see our markets wander a little ahead of their re-open. They look vunerable so I retain my short side bias across the board, although Gold is looking attractive on longer term models.

Trades executed today:

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Account status as at Monday’s close:

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Nick Radge - who has written 894 posts on The Chartist.

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