Monday, February 27, 2006

Better Late Than Never...

For this one, I am going back 4 months. After a classic accumulation pattern on the charts, CVC is finally starting to wake up. I was a buyer @ $24.25 back then. Not my best trade, but, hey, if CVC is starting to deliver on its fundamentals (primarily new customers growth) -- trading at $26.50 today, I'll take it, in the absence of any M&A worldwind storties.

I am also taking profit on the short EURISK vs. short USDYEN (or long yen calls in other words) trade -- for a net gain of over 6% in just 4 days (81.75 to 78.50 and 118.60 to 116, respectively). Not bad in FX land for a funky carry trade, which is not really a carry trade.

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