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Two New Positions to the Portfolio

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June 09, 2010 – Comments (0) | RELATED TICKERS: GLD , VOD

Got into another short right at the close with Vodafone (VOD) at 19.62. The other position was SPDR Gold (GLD) which I went long in yesterday. It is at the cusp of breaking out, and should the markets continue to deteriorate, I believe that gold will be a 'flight-to-safety' play. However, I will say this, of all my positions, GLD is probably the one I feel the least confident about - so take my advice with a grain of salt.

Here are my two new positions.

LONG: SPDR GOLD (GLD)

SHORT: VODAFONE (VOD)

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