Monday, December 8, 2008

A positive start to the week

I was so busy at work that I didn't even see how the market performed until I got home. It was nice to see such a powerful rally to start the week. There was a lot of news out for my portfolio companies, including Alvarion (common 5.2% of portfolio, calls 2.0%), which announced a workforce reduction in anticipation of a tough 2009. The stock reacted positively, then fell to about breakeven at the end of the session. My shares of Joy Global (common 8.8% of portfolio, calls 1.6%) fared much better, ending the day up about 16% on no news.