Tuesday, 19 April 2011

WDC pnl update

Looks like there is going to be some further consolidation within the industry, again, if this passes through trust issues then its great for margin and overhang.

$WDC reports tomorrow night, and it should be a very interesting call; perhaps now is the time for a p'n'l update of the trade put on last month, and as a picture is worth a thousand words;

just to put some numbers on that trade, thats a 15% return in a month and a half, where the stock position is being hedge with a index hedge...

here is a description of why; http://blackraven999.blogspot.com/2011/03/awesome-hitwdc-reaction.html
and here is a description of thoughts on the risk; http://blackraven999.blogspot.com/2011/03/wdc-risk-managing-position.html

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