Adding ZSL, lowering BBY stop, shorting AAPL

In August, per this blog, we effectively shorted silver via purchase of ZSL circa $13.44 Six weeks later we announced selling half that position for a gain of 62% on the half sold. Friday morning we'll repurchase that half.

ZSL last traded at $10.11 On any close below $9.70 we'll once again sell half this position for the loss should it occur, roughly 4% risk on the half-position.

We've received e-mails asking about our gold positioning. At the start of the year we'd written we were short gold (not a diarized position in this blog). Not long after we were forced to go long by our trading discipline, netting approximately 7% on that short (entered in early December, also not diarized here). We're currently up circa 10% on the long and will close it out, so as far as precious metals goes we'll just be short silver.

We're lowering our stop on the Best Buy short (see posting of January 27 below) to any closing price over $16.30 thereby reducing our risk.

We'll put out a short on Apple Inc. (AAPL) at $505.00 should it get that high. See the chart in the posting immediately below. If so, we'll cover on any close above $540 to try to limit risk to approximately 7%


Insider selling is currently at a level worth noting. Click here to read the article.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated : Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated, not if a blog entry only contains general commentary.