Tuesday, 27 March 2012

SVVC - 60% premium to NTA!

My original call was right on, SVVC has gone full parabolic and has been trading at a 60%+ premium to NTA!! All this with no extra FB buys since last Thursday.

I loaded up on shorts this week, $39 av. Will look to cover mid to low 30's (tomorrow hopefully), then look to do it all over again. Great fades today.


Would love just to sit on a core short position, but worried about buy in's pre FB IPO.

Open Trades Short
AFFY, AFFY (Apr $15 puts), MAPP, HUSA (April $7.5 puts), NGSX, SVVC

Open Trades Long
ALXA, RGEN, EXEL

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