每日持倉位 --- October 11, 2007
(2007-10-11 14:29:03)
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Today’s Transactions:
Initiated a position in BHO averaged at $19.32 No stop-loss for this stock
Reason: the whole drybulk sector is certainly on fire these days with DRYS up more than 10 times in less than 16 months. If there is one stock that seems to be forgotten in this sector, it is BHO. Currently traded below its net equity level, the stock didn\'t reflect the currently much higher market price for its bulk fleet. In addition, several of its time-charters will expire starting next year and I\'m sure the new charters will be much higher than the current level. Also, the company can easily be an acquisition target if the family that controls the company wants to exit the business. The downside risk is mainly due to lack of liquidity which can make stock price manipulation a very easy job and that\'s the main reason I use a stop-loss level by heart rather than a real number for this stock.
Today’s Return: -4.09%
Return since inception(June 05, 2007): 117.09%
S&P 500 Return since June 05, 2007: 1.99%
Leverage: 1.44
My positions:
Long:
PG
UTSI Jan 09 10 Call
DRYS
GOOG Dec 07 400 Call
SOHU
DHI
BHO
Short:
Note: the positions under “Short” are indeed long positions in puts