Tuesday, March 11, 2008

Intro and URBN

Hi guys, tjy here.

quick bio:
senior in college
part-timing in a vc and a startup = full time work
trading/managing assets since high school

starting assets: +$10,000 December 2007
Net liquidation value (as of today's close): $11,935.77
Holdings include 150 shares of BX (a dumb mistake on my part)

Today:
URBN +5 June '08 puts @$22.50 for $0.80 each
I don't like retail in this recessionary environment and P/E valuation is too high (trailing: 31.78 forward:22.59). If the fed cut rates on the 18th and URBN rallies, i plan to buy 5 more contracts.

No comments: