Sold HZO Puts, Adding CHCG

Tuesday morning I decided to sell my remaining position in (HZO) puts at a premium of $1.95. After seeing this quarter’s results and the reaction to the numbers, I’m beginning to think that while the fundamentals remain bad here, the bulk of the downside is already priced in.

Additionally, I continued to add to my position in (CHCG), increasing the position by about 30% at $2.69. I’m now beginning to really stake a claim here, simply because I think the fundamentals are just too good to ignore.

Comments

[xlebywek]

Kelly , what you think about this huge selloff ?

[xlebywek]

YOU WERE SAYING ?

[xlebywek]

YOU WERE SAYING ?

[Arch]

As a vested entity miyself and averaging at around $4, are you still holding your entire position or you have sold off any? If sold, would you mind stating how much? I believe they have stated 2008 will pretty much be a straight line graph.

They have been signing with stores though, you think that will make any significant improvements to their revenues for 2008?

- arch