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Today’s Transactions:
Closed GRMN Oct 07 40 Call at $49 Reason: GRMN has a habit of selling on good news. Although I continues to like to growth perspective of the stock, I didn\'t want to fight with this historical pattern. So just take some profits while keeping Jan 08 50 Call.
Added more MS at $64.21
Closed XHB Dec 07 40 Put at $14.50 Reason: Although the housing market might continue to struggle, the homebuilder sector can have a decent rebound anytime soon as most funds have already unloaded their holdings. So just take profits and move on.
Today’s Return: 4.86% Return since inception(June 05, 2007): 19.37% S&P 500 Return since June 05, 2007: -4.77% Leverage: 1.33
My positions:
Long: GRMN Jan 08 50 Call PG UTSI Jan 09 10 Call MS DRYS GOOG
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