My personal portfolio
Comment of the Day

March 15 2012

Commentary by David Fuller

My personal portfolio

Profit taken in JGB short

David Fuller's view I seldom close a position this quickly but not having traded Japanese Government Bonds (weekly & daily) for quite a while, I opened a considerably larger position than I had intended, due to the relatively small margin requirement (previously JGBs had traded in a narrow range) and because I overlooked that the spread-bet firm does not use the decimal point shown on most quotes and also by me in reporting the prices below. Preferring to open positions incrementally, I took the profit and hope to be a scale-up short seller in the event of a bounce. For the record, I bought back my June JGB short at 141.32 against my sale at 141.59. These prices include all spread-bet dealing costs.

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