ADDED TO POWERSHARES QQQ (QQQ)
September 6, 2011
Added a 5% tranche in PowerShares QQQ (QQQ) at $52.02.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
Added a 5% tranche in PowerShares QQQ (QQQ) at $52.02.
CurrencyShares Swiss Franc Trust (FXF) is falling as Swiss National Bank pegs franc to euro. Our highest short tranche on CurrencyShares Swiss Franc Trust is from $139.50. In this volatile environment conservative investors may want to lock in gains at $115.69. Aggressive investors may continue to hold for further gains. We are taking profits on CurrencyShares Swiss Franc Trust right here at $115.69 but will continue to follow this position for aggressive investors who may want to hold for further gains.
In view of the three day weekend, we are concerned about short covering this afternoon and on Monday in Europe and Asia. Our plan is to lighten up a little bit. We will exit the tranche on GLD from this morning entered at $182.10 right here at $182.45. We will also exit the tranche on silver futures (SI) from this morning right here at $42.92, equalent in silver ETF (SLV) is $41.80. We will maintain the rest of the short position.
Fininsar (FNSR) reported better than expected earnings and gave better than expected projections. We are initiating a long position in JDS Uniphase (JDSU) as a sympathy play to Finisar. Our entry in JDS Uniphase is at $12.82. The plan is to add more to JDS Uniphase if it goes down. Detailed guidance is being provided on the Real Time Feed of the ZYX Buy Change Alert.
Added to silver futures at $42.94. Silver ETF symbol is SLV.
Ciena (CIEN) also trades in sympathy with Finisar (FNSR). Finisar reports earnings after the close. Look for projections from Finisar. If the earnings are good and the projections are above projections, expect Ciena short squeeze to continue.