Closing BIDU/YHOO
Good morning everyone,
Had a good day yesterday with Baidu(BIDU) outperforming the market and thus I am closing off that trade, will await open to get the exact return but as of yesterday’s close, with the early close of the trade being counted, the trade is up 25,87%.
I will now recap the 2009 picks:
Jan 9-KNOT/IDC: +20,75% – closed
Jan 23 – GOOG/IACI +21,14% – closed
Feb 2 – PCLN/AMZN +20,76% closed
Feb 18 – GOOG/VCLK+11,87% – trade still live
Feb 25 – EBAY/KNOT +5,83% – trade still live
Obviously a very good start to 2009 and I’m hoping to keep it going. I’m still comfortable with my two current trades (as well as being long AAPL from Oct 10 2008. The pick is down 8,29% but given that the S&P500 is down 28%, it is not that bad!!
I’ll be looking to add a new trade next week, to get back to 3 live pair trades.
All for now, have a great weekend,
IS
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Just to confirm, with the opening prices, here are the prices used:
YHOO 12.57
BIDU 161.11
So total performance on this trade was 25.40%