Monday, March 16, 2009

Market Update

Just got to my destination, to see the market in the red! I think the dow was at 174 when I posted at 2,haha. I mean when people are now buying FAS, up already 100% in a week, it is a bit ridlicous! I rather not play than be late and lose money.

As for the portfolio, it looks as if TTWO fell a bit but it remains my only long. My short positions in VTR and WRI did great. As for options Im long SSO and MAC puts.

I'm apathetic on financials here,leaning more to the bear side for a short term trade but if with mark to market rumors and big talk from bank ceos, buyer may flood in. I still remain bearish on select REITS and will stick to my guns.

Off to a dinner, have a good one.

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