Our Freeport position we wondered about, and eventually jumped into, has been profitable so far.  We've adjusted our stops to a hair below $32 so at the very least we can come out profitable.  There is a lot of volume in the $40-$45, which is where we are looking to get out.  The final rule for exit:  we'll close it after 8 more weeks.  We know that a volatile day could stop us out, and we are fully prepared for that.  It is, afterall, a long position in a bear market.

The rest of the long positions the scanner turned up ultra-short funds like SDK SRS and QID.  The Bear-o-meter, on the other hand pulls up a pile of names.  Most of these equities and funds are well below the $10 mark, which isn't that rare these days.  Finviz is saying that 116 of the equities in the S & P 500 are below this psychological line in the sand.

A lot of the names with high negative scores coming out of the scanner were of the full blooded financial variety, or some trust, loan or holding variant.   An old friend, Las Vegas Sands, made an appearance again.   Our entry never happened, and we figured that we sidestepped a landmine.  Putting on the glasses of hindsight, we can see that by not adding LVS to a long term list, and watch for more entries, we missed out on a very profitable trade.

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