Sunday
TheInflationist Weekend Summary: 201209
Our last weekend summary was a month ago - since then markets have gone up about 5%. It is humiliating reading through previous posts shorting so eagerly at every alternate post - we fired shorts when Dow was at 9980, 10200, and finally 10520+10540 (hooray!). Our topside heavy approach and day-trading makes up for our 5% margin of error, keeping our portfolio value now at $107852. Shorting against the tide feels like bailing water out of a leaking boat - we are keeping afloat even though markets are 5% higher from our initial (short) position. We will keep our shorts and hope to ride this down to retest the lows.
We realised $10350 in trading profits, cash in bank slightly down to $34341 with our purchases of Beach Petroleum, Australian Agriculture Company and Minemakers. Unrealised trading losses stand at -$5586. Our stock portfolio is valued at $68747 (cost of 59705; up 15%) Continue…
All entries filed under The Inflationist Challenge 2009
no responses - Posted 12.12.09
New stocks added to portfolio since last update: ERM: Emmerson Resources GGP: Golden Gate Petroleum EMU: Emu Nickel HEG: Hill End Gold COY: Coppermoly DRX: Diatreme Resources To view The Speculator's updated and complete portfolio, click here. Who is The Speculator David Haselhurst? continue
no responses - Posted 12.10.09
Good morning to all our faithful readers and to the many new readers who stumbled upon our site. For those who are new, welcome and we hope you feel at home. We believe in collective public talent - join us here to publish your trades LIVE. For those who are new to our site, we ...continue
no responses - Posted 08.31.09
Shorted NIFTY USD$5/point at 4678, long NIKKEI 10429 223 Y/point. Dow futures is down 80 points, with China leading the way after another down day with an end of day recovery. At its trough, China H-shares were down to 11100, but closed 11280. We intend to hold on to the trade ...continue
no responses - Posted 06.19.09
About a week ago, after hearing our case (and enthusiasm) on shorting the NIFTY, a good friend of ours joined us short the NIFTY at 4450 ($5/point). Being a busy doctor with no time to monitor markets, I gave him a call yesterday to inform him that our shorts are ...continue
no responses - Posted 06.03.09
Market should show some weakness after such a powerful rally - our short term indicators suggest a down day Wednesday. Stay alert, take some profits if its there to take - India remains our main bet. Currently the Dow is down 100 points. Most technical traders have a confirmed uptrend ...continue
no responses - Posted 06.01.09
The previous highs have been tested again on the last trading day of the month (end of the month window dressing). Technical traders are very sceptical of this rally and have been calling for a pullback for a while now. We have also been expecting a pullback but the charts ...continue

