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Home › Forums › Financial Markets/Economics › Stock Market – DOW again flirts with 12000 in ongoing love affair… › Here is my portfolio

June 12, 2008 at 1:29 AM #221616
stockstradr
Participant

Here is my portfolio update:

I’m down 8% in last three months, due to not selling gold at $1000, and shorting oil, and also I re-established the short positions on the indexes back when the S&P500 hit 1340..and then it climbed up to 1440.

But I did by put options on the indexes when the S&P500 hit 1400; those are paying off.

I’ll take my credits for being one of the first on here to warn of runaway inflation. Now that is the hot topic on every business news talk show and business newspaper.

Now with the markets in free-fall, my portfolio is rapidly swinging positive thanks to my having a huge position in “SDS” the 2X leveraged short ETF on the S&P500.

So my market pick for you all? Buy SDS and get in on some of this short market action which I predict will take the S&P500 to 1000 or lower (But that could take 24 or even 36 months)