Friday, December 14, 2007

UNP - Approaching Price Target

UNP is approaching our price target of $138 and consistent with the rules, 50% of the position will be sold at the price of 138.

Housing and Mortgage Shorts

They are certainly testing the internal fortitude of this blogger. The P&F charts have turned up in a few of these cases and we are int he process of determining which positions stay and which are going to go.

DHI is the strongest of the lot while ABK is the weakest. Stay tuned.

DELL - Stopped Out

It has been a while since the positions have been updated.

DELL, after its less than stellar earnings on November 30th has been sold from the model portfolio based on the original trade parameters.