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Today’s Transactions:
Added more MS at $62.50 Added more DRYS at $55.33 Initiated a position in BX at $25.04 Stop when the stock is closed below $22.00 Reason: The reward/risk ratio is worth taking a bet.
Today’s Return: 1.57% Return since inception(June 05, 2007): 14.32% S&P 500 Return since June 05, 2007: -6.06% Leverage: 1.52
My positions:
Long: GRMN Jan 08 50 Call PG UTSI Jan 09 10 Call MS DRYS GOOG Dec 07 400 Call BX
Note: I just got back from a trip last night. With the Fed\'s action this morning, it is almost certain that yesterday\'s lows will become the lows for this round of correction. Any new position can be easily entered with stop-loss set at that lower level.
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