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Today’s Transactions:
Closed GOOG Mark 08 500 Call at $90.00
Reason: This is part of the process of decreasing the leverage level and preserving capitals for better opportunities
Sold part of ABX averaged at $45.50
Reason: This is part of the process of decreasing the leverage level and preserving capitals for better opportunities
Closed C Jan 09 27.5 Call at $2.20
Reason: This is part of the process of decreasing the leverage level and preserving capitals for better opportunities
Sold part of SOHU averaged at $39.59
Reason: This is part of the process of decreasing the leverage level and preserving capitals for better opportunities
Opened a position in SRS averaged at 132.80 Stop-loss if the stock is closed below $115.00
Reason: SRS is the ultra-short ETF for Dow Jones Real Estate Index. Technically, the Real Estate Index has broken several key support levels and now is in clear downtrend. Fundamentally, with record amount of new commercial spaces coming to market this year and 2009, it is difficult for the commercial renting market to hold at the current level even if economy is not weakening.
Today’s Return: -4.71%
Return YTD: -24.42%
S&P 500 Return YTD: -10.75%
My positions:
PG
UTSI Jan 09 10 Call
SOHU
ABX
SRS
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