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Today’s Transactions:
Opened a position in DRYS averaged at $111.79 Stop if the stock is closed
below $100
Reason: after the market close yesterday, the company issued a press release
indicating it\'s going to issue its quarterly earning results after today\'s
close. Usually the company will give at least 1 week notice and there must
be some significant news coming. BDI, on the other hand, is also reversed
recent downwards trend is moving higher.
Opened DEC BIDU 550 put at $145.00 Stop if the stock is closed above $450
Reason: the stock is certainly overvalued but usually it\'s quite difficult
to call the top right. Just have a try and will cut loss if it turns out the
stock is heading to $500.
Today’s Return: 0.78%
Return since inception(June 05, 2007): 148.95%
S&P 500 Return since June 05, 2007: -1.23%
My positions:
PG
UTSI Jan 09 10 Call
GOOG Dec 07 400 Call
SOHU
BHO
DRYS
FRO Feb 08 50 put
CX Jan 08 40 put
ITRI Jan 08 100 put
BIDU Dec 07 550 put
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