Thursday, May 3, 2007

One Execution, More Patience for CC

We were able to get Under Armour (UA) into the model portfolio at $46 and will monitor it with the rest of the holdings.

Circuit City never got up to our $17 target for the short execution. Will remain patient on this one as I resist the urge to simply get the position into the model portfolio. With CC, I am also goign back a forth on whether to play this trade with put options as we can still limit our downside and charge our upside. More to come.

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