|
Today’s Transactions:
Initiated a position in LULU averaged at $45.41 Stop-loss if the stock is closed below $38 Reason: Lululemon is one of the hottest ipos this year and it is expanding aggressively across Canada and US. Although the valuation is a little rich, I think the momentum along with the 30%+ same-store growth ratio(in fact, I was surprised by the announcement this morning as it is very rare to find a same-store number north of 20%) can continue to move the stock higher. The main downside risks include slower growth and potential secondary offerings.
Added more GOOG Dec 400 Call at $221.00
Today’s Return: -4.09% Return since inception(June 05, 2007): 121.83% S&P 500 Return since June 05, 2007: -0.04% Leverage: 1.69
My positions:
Long: PG UTSI Jan 09 10 Call DRYS GOOG Dec 07 400 Call SOHU DHI BHO LULU
Short:
Note: the positions under “Short” are indeed long positions in puts
|
|
|