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Today\'s Transactions:
a). Bought SNDA at $32.99 Stop when the stock closes below $29 Reason: this is purely a technical play as I\'m not familiar with the fundamental of the online game industry. The valuation of the stock is reasonable compared with other Chinese stocks in US market. Most Chinese stocks listed in US have broken their previous barriers and SNDA has a good chance of doing so as well.
b). Bought SPWR Sep 07 90 Put at $23.6 Stop when the stock closes above $71 Reason: this is a hyped stock in a hyped industry. The disappointing margin result and near-term earning issues provide a good entry point. Admittedly, if oil continues to move higher, alternative-energy sector may continue to move higher. Therefore, I set a relatively tight stop-loss.
Today\'s Return: 0.42% Return since inception(June 05, 2007): 17.03% S&P 500 Return since June 05, 2007: 0.90% Leverage: 1.70
My positions:
Long: GRMN Oct 07 40 Call GRMN Jan 08 50 Call PG CROX Jan 08 20 Call UTSI Jan 09 10 Call MS MU SNDA
Short: XHB Dec 07 40 Put FRO Aug 07 55 Put SPWR Sep 07 90 Put
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