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Today’s Transactions:
Initiated a position in DHI at $14.69 Stop if the stock is closed below $12
Reason: this is more a technical play than a fundamental call. I certainly don\'t foresee any material improvement in the US housing market --- it takes time to clear all those inventories. However, the homebuilder sector has a good chance to rebound from here after dropping more than two thirds within the past one and half years.
Today’s Return: 2.73% Return since inception(June 05, 2007): 91.62% S&P 500 Return since June 05, 2007: 0.48% Leverage: 1.47
My positions:
Long: PG UTSI Jan 09 10 Call DRYS GOOG Dec 07 400 Call SOHU DHI
Short:
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