Posted by Jack Haddad on February 20, 2008 at 12:59 pm
Bought 2 blocks of CROX at 27.41, and hedged the shares with 200 March strike 28, at 1.80/contract. CROX shares are trading at 10.5x our 2008 EPS estimate, despite expected EPS growth of 33% in 2008 and 19% in 2009. Though Crocs’s inventories increased 188% year-over-year and accounts receivables increased 133%, it had sales growth of […]
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Posted by Jack Haddad on February 20, 2008 at 8:58 am
Team,
Just bought 2 blocks of GRMN at 63.70. Be advised that it’s currently in a conference call with analysts as it has reported a stellar quarter. Beside strong fundamentals, the technicals on the hourly chart looks very oversold– down from an intraday high of 73.29.
Garmin said that revenue for the fourth quarter nearly doubled to […]
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Posted by Jack Haddad on February 19, 2008 at 1:04 pm
Bought 3 blocks at 79.88, and wrote 300 March strike 80 calls at 5.2/contract. BSC’s bid for Macquarie Private Capital Group is the recent weakenss in BSC shares. The March 80 strike offers me a 5 point downside protection. If the shares go below 75, I’m still willing to hold them and write another round […]
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Posted by Jack Haddad on February 14, 2008 at 12:50 pm
Bought 20 blocks at 20.52. Today’s downside, which is attributed to the removal of INTC from the conviction “buy” list, does not mean anything negative concerning the fundamentals of the company. INTC’s fundamentals are no different today than they were 3 months ago. Therefore, Goldman’s removal of INTC from their “buy” list recommendation is at best […]
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Posted by Jack Haddad on February 13, 2008 at 1:00 pm
On 1/16/08, I posted the following:
“Bought 20 blocks at 19.97, and wrote 2000 Jan strike 20 calls at .29/contract to hedge the underlying shares. I feel this is a good dollar cost averaging infliction point after selling a large block several days ago. This play ensure me .29/share times 200,000 shares, a return that isn’t […]
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