每日持仓位 --- October 16, 2007

Today’s Transactions:

Initiated a position in LULU averaged at $45.41 Stop-loss if the stock is
closed below $38
Reason: Lululemon is one of the hottest ipos this year and it is expanding aggressively across Canada and US. Although the valuation is a little rich, I think the momentum along with the 30%+ same-store growth ratio(in fact, I was surprised by the announcement this morning as it is very rare to find a same-store number north of 20%) can continue to move the stock higher. The main downside risks include slower growth and potential secondary offerings.

Added more GOOG Dec 400 Call at $221.00

Today’s Return: -4.09%
Return since inception(June 05, 2007): 121.83%
S&P 500 Return since June 05, 2007: -0.04%
Leverage: 1.69


My positions:

Long:
PG
UTSI Jan 09 10 Call
DRYS
GOOG Dec 07 400 Call
SOHU
DHI
BHO
LULU

Short:

Note: the positions under “Short” are indeed long positions in puts