Friday, 30 January 2009

Strap it on and strap in

We have just gone very long SPX March futures. We had computer problems earlier and were cursing the world as we failed to get our position on before the GDP numbers. But we raised our bid and have now gone very very long SPX with average around 838 level. Stops at varied levels. Some around 830ish. Others at 810ish. We're risking a total of 8% of our portfolio! Could be madness I know.

But this is a leveraged fund looking for massive outsized returns. Not a pansy long-term investment vehicle. When you believe in something, you need to put it on.

Good luck!

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