Investors & Friends:
Here's a summary of our investment actions from the past week.
Option Strategies - Covered Calls
1) EMC Corp (NYSE: EMC) - We sold Mar '13 $23.00 calls.
Short Strategies
2) We closed out our short position in Herbalife Ltd (NYSE: HLF) on 2/19 @ $38.14 for a 0% gain (or break-even). We closed out our short position because the short thesis that HLF is a pyramid scheme masquerading as a legitimate multi-level-marketing company became more murky with Carl Icahn, Dan Loeb, and others going long HLF and attempting to take the company private a possibility.
Return calculation = ($38.14 open price - $38.14 close price) / $38.14 open price x 100% = 0%.
The date we opened the trade was 12/20/12.
Click here for the Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending February 22, 2013.
Click here for upcoming IPOs.
Lead Fund Manager
Investrio
Here's a summary of our investment actions from the past week.
Option Strategies - Covered Calls
1) EMC Corp (NYSE: EMC) - We sold Mar '13 $23.00 calls.
Short Strategies
2) We closed out our short position in Herbalife Ltd (NYSE: HLF) on 2/19 @ $38.14 for a 0% gain (or break-even). We closed out our short position because the short thesis that HLF is a pyramid scheme masquerading as a legitimate multi-level-marketing company became more murky with Carl Icahn, Dan Loeb, and others going long HLF and attempting to take the company private a possibility.
Return calculation = ($38.14 open price - $38.14 close price) / $38.14 open price x 100% = 0%.
The date we opened the trade was 12/20/12.
Click here for the Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending February 22, 2013.
Click here for upcoming IPOs.
Lead Fund Manager
Investrio
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