Friday

Germany Dax Update

Post a Comment August 19, 2011 – 12:38 am |   | Permalink |  Print This Post |

2011 Crash Update

Germany Dax Chart Update 2007-2011

Our target is still around 5200 - it may decide to break the 5000 mark transiently so save up on ammo to long the farm at 4980.

Our shorts in Amazon and Chipotle did well last night and buffered our longs in indices - account does not seem to be changing despite last nights big fall , essentially we are well hedged at the moment. Looking to long the indices after another 7-10% fall, to top up on cash backed companies if they fall more today (PPP, MEO - we already own them, currently only down 4% so we are holding back), and we MAY lighten up on Amazon and Chipotle shorts if they fall significantly tonight. After all this is over Amazon could easily halve (to PE 40 instead of current PE 85), and Chipotle too! So we are going to enjoy the ride down. We currently hold about 120k worth of both of them, which is only about $20/point Dax equivalent. Also holding on to India NIFTY shorts. Looking at our portfolio, it is similar to what Jim Rogers is doing - except his timing was much better than ours, he is currently short emerging markets and US Tech stocks.