Jan

31

Taking on more risk

January 31, 2008 | Leave a Comment

This morning I decided to make a few moves to take on a bit more risk on the long side. From where I sit, it looks like the market is having a minor freakout over the jobless claims numbers, and I don’t think it is warranted. I’m viewing this as a final shakeout of the last few sellers before we can go challenge the resistance levels up ahead. Therefore, I made several moves this morning.

Sells

HZO puts–I sold […]

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Jan

29

New position in CHL, adding to HRBN

January 29, 2008 | Leave a Comment

This morning I opened a new position in CHL, buying a small stake at $75.39. This is continuing the strategy of buying a few high quality growth names near the bottom of the selloff. I also decided to add to my stake in HRBN, using today’s weakness to increase the position by 40% at $21.35. I continue to be impressed by the strength of this stock throughout the selloff of the last few weeks, and I believe […]

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