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Today’s Transactions:
Did a T+0 in DRYS: bought averaged at $74.93 and sold averaged at $75.40 Added more DRYS averaged at $80.47 Opened a position in WB averaged at $39.57 stop loss if the stock is closed below $35.00 Reason: at this point, I believe there is valuation in the financial sector if you have patience. The main reason I picked WB is due to heavy insider buying activity. Who can know this company better than its insiders? Better yet, it pays roughly 7% dividends now and that is certainly better than CDs. The downside risk is potential disastrous events in the financial market.
Today’s Return: 1.07% Return since inception(June 05, 2007): 129.96% S&P 500 Return since June 05, 2007: -7.95%
My positions:
PG UTSI Jan 09 10 Call GOOG Dec 07 400 Call SOHU DRYS GOOG Mar 08 500 Call WB
FRO Feb 08 50 put CX Jan 08 40 put ITRI Jan 08 100 put UPL Jan 08 80 put
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