2/28/2005

I decent day for me, even though the major index got hit after last weeks run up. I think this is a little pause until Friday's job number. Depending on how it is, we should move base on it. Daytraded brcm jumped in too early in hindsight, but at that time all the peers were moving up and the sox was heading up. So, I set a stop limit and it moved .10 below the limit and took me out for a loss of .63/share. I continued to like crdn , will watch this stock all week for opportunity to add to my current position. Tomorrow I'll watch mvsn( good earnings down ah, will buy if it goes below 22)and ovti a definitely short candidate cover at 16ish,


Trade: daytraded brcm loss .65/share
watch: mvsn and ovti
Current unrealized g/l:
syna -3.45/share
driv -4.60/share
snda -4.25/share
insp -3.75/share
ccmp -1.50/share
aapl +27.40/share
crdn +.70/share
plmo -5.3/share

2/25/2005

Another decent day today. The naz is finally playing with the other boys. Sold my askj, because it hit my stops for a 0.63/share gain. Bought crdn at 29.40 the company finally announce their earnings will be Friday 3/4 morning. Will watch all next week to see if it drop, will continue to add until the earnings come out, which I believe will be good. Sold the rest of my cree, it didn't rally with the rest of the semis which I didn't like. Also, dump half my plmo, and will continue to dump for a loss as it moves up. Basically I'm performing the end of month cleaning and building up cash for March. I watched bcsi but my broker didn't let me short it, dam could of gotten 1 pt. Also, watched srna hit my short target of 22 , but looked at level 2 and didn't see any more sellers so didn't initiate the short. I think the smart money are starting to come back to the internet sector because the gsti internet index bounce of the 153 mark. Maybe there will be more buying next week in that sector.

Trade: sold askj , sold all of cree for a loss, sold half of plmo for loss
watch: srna, crdn, srna
Current unrealized g/l:
syna -3/share
driv -5.13/share
snda -5.00/share
insp -4/share
ccmp -2/share
aapl +27.40/share
crdn +.50/share
plmo -6.90/share

2/24/2005

A decent day today, with a late day rally. Started out watching fwht, then watched goog, and yhoo get downgraded. So I initiate a long on askj at 21.76 a bit too early because it moved down to 21.20, however, it ended up near my buy level. I bought it because of the sympathy with the downgrade to goog and yhoo. Also, there were a lot of institutional buyers and they had good earnings. My cree moved up today, which gave me an opportunity to release half my position on it for a loss. Will watch bcsi ( decent earnings, don't know why it is down) if it breaks 20 I'll short it, srna(good earnings , down ah, don't know what happen but will short if it moves below 22).

Trade: long askj, sold half of cree
watch: bcsi, srna
Current position:
syna -6.30/share
driv -2.88/share
snda -5.00/share
insp -4/share
ccmp -1.45/share
aapl +27.40/share
cree -10.9/share
plmo -7.30/share

2/23/2005

Mixed day for me.The nasdaq is just not ready to rally, maybe mixed from here on out till next month. I watched crdn, went up today but I was hesitant even though it hit my target. What made me not to buy was the unknown of the earnings date, I'm hearing it may not be tomorrow. But, I'll watch the action again tomorrow. I was lucky I didn't pull the trigger on adbl, class action suits came out this evening. Tomorrow, I'll watch fwht ( major sold off this evening, will buy if it touches 10, risk is only 1 pt.), and sgms ( internal control problems, will see how it reacts tomorrow then will decide to short). Need to load off on my loser, but I'm thinking the nasdaq will rally next month and miss the run up on my current positions. Currently over exposed and have only a small cash position to initiate any new positions.


Trade: none
watch: fwht, sgms, crdn
Current position:
syna -6/share
driv -2.40/share
snda -5.90/share
insp -4/share
ccmp -1/share
aapl +26.75/share
cree -12.20/share
plmo -7.15/share

2/22/2005

Oil and the dollar, the two old nemesis of the market. Even though the market is down, sometime it means good opportunities. I'll definitely watch chkp ( has come down 1.5 since the microsoft panic), crdn ( earnings out on thurs), adbl ( still waiting for 15), and adsk ( great earnings, can run ) for tomorrow. Didn't made any trades today, it just trended down all day. Tomorrow will be rocky again with the oil inventory numbers.



Trade: none
watch: chkp, adsk, adbl,crdn
Current position:
syna -6.45/share
driv -2.85/share
snda -4.60/share
insp -4/share
ccmp -2/share
aapl +23.75/share
cree -11.83/share
plmo -7.10/share

2/18/2005

The market is in a jam again. The nasdaq just doesn't want to play with the other indexes. Watched adbl and ntgr all day. Want to short ntgr but didn't hit my target of 14.5. It went as high as 14.30 and back to 14. As for adbl, I had a limit at 16.5 which later I changed because I thought it would go lower,instead, it rebounded and closed near 17. My emotion is getting to me, to pull the trigger. Well at least we have a long weekend. Next week the cpi and consumer confidence will probably rock the markets.


Trade: none
watch: current positions
Current position:
syna -5.25/share
driv -2/share
snda -4.75/share
insp -2.22/share
ccmp -1.45/share
aapl +25.4/share
cree -11.11/share
plmo -6.30/share

2/17/2005

Well the nasdaq dropped and so did my portfolio. Watched adbl all day and only profited .10/share, that was pitiful. But thank goodness, I had stop limits or it will be down .80/ share. Will definitely watch it again tomorrow, for a play. Also, ntgr and nvda I'll watch tomorrow. I don't like how nasdaq did not participate with the s&p and dow rally the past few weeks. I guess the smart money is not interested in the techs. Option expiration and ppi number will shake up the market again tomorrow.



Trade: adbl for .10/share
watch: adbl , ntgr ( lower 14 ish), nvda ( good earnings , maybe this will be the fuel for higher highs)
Current position:
syna -5/share
driv -2/share
snda -5.25/share
insp -2.30/share
ccmp -1.45/share
aapl +26.40/share
cree -11.25/share
plmo -5.80/share

2/16/2005

A mixed day. I missed the ntap play today. I was busy watching adbl for a play. But the stock just kept on going lower and lower. Will follow it tomorrow again. Did not see any new issues to play for tomorrow. My portfolio is only up because of good old apple. Still feeling ok, a little bit hesitant on jumping in on some trades. Watched adbl through out the day some parts I wanted to jump in, but had the control to see it move lower thus backed off.

Trade: none
watch: adbl
Current position:
syna -4.5/share
driv -1/share
snda -5/share
insp -.30/share
ccmp -2.45/share
aapl +28.75/share
cree -10.60/share
plmo -5.30/share

2/15/2005

Well the market continues to go up, but the little nasdaq is not really following the other boys. Watched my positions moved up and down today, but overall an up day for my portfolio. Not taking any new positions until I reduced my current positions. I will watch ntap tomorrow ( low buy at 29.5-29.75 sell at 30.50-31) and adbl ( way oversold will see what it does in the first 15 min. before initiating anything).

Trade: none
watch: ntap and adbl
Current position:
syna -4.5/share
driv -1.40/share
snda -3.5/share
insp -.60/share
ccmp -2.45/share
aapl +27/share
cree -10.25/share
plmo -5/share

2/14/2005

The nasdaq showed some signs today. Which is good because it has some catching up to do with the other index. Didn't trade today. Will continue to watch the market for opportunities.

Trade: none
watch: current positions
Current Positions:
syna -4/share
driv -0.40/share
snda -2.70/share
insp -1.60/share
ccmp -2.25/share
aapl +23/share
cree -11.50/share
plmo -6/share

2/11/2005

Well the market brought my portfolio back up about 2%. I think all the index except for the nasdaq comp. will be testing their technical January highs this coming week. Also, option expiration on Friday and a few economic numbers ( ppi, housing, and retail sales) will come out before we hit the long holiday weekend. I felt ok Friday, didn't trade, just watched the market shoot the moon. My aapl split which is great, however, I knew it will move up since their last earnings, but didn't add to my current positions. I've never add to a winning positions before, maybe that is why I was gun shy about it. But, will start to incorporate this into my trading. My ccmp short just ran with the semi's upgrade, however, I do not believe it is worth the jump. As for Monday, I'll continue to watch my current position and will probably ease out of a few.

Trade: none
watch: current positions
Current Positions:
syna -5/share
driv -1.25/share
snda -2.50/share
insp -1.60/share
ccmp -2.50/share
aapl +19/share
cree -11/share
plmo -6/share

2/10/2005

What a blood bath for me today. My portfolio was down 4.7%, the most I've ever suffer on a single day. All my positions went against me! Well tomorrow, I'll just watch my current positions. I'm in too much risk to initiate any new positions unless I dump my current ones. Syna's managements still has not announce anything! All speculation, why don't they just come out with the official bad news? How does the veteran traders get through with a down turn?

Trade: none
watch: current positions
Current Positions:
syna -5/share
driv -4/share
snda -3/share
insp -2.60/share
ccmp -0.80/share
aapl +16/share
cree -12/share
plmo -7.50/share

2/9/2005

Pretty much a frustrated down day for the market and my portfolio. I can not believe csco alone spooked the market. Maybe the market is taking a breather. Bought syna, this stock is getting kill because of rumors (down over 30% in 3 days, but had great earnings a few weeks back). Also, it is just even unbelievable the company is not coming out to confirm the news of lost contracts. I bought it at 27.52, thinking this was the low. Tomorrow I'll just watch my positions.

Trade: bought syna @27.52
watch: current positions
Current Positions:
syna -1.25/share
driv -2.00/share
snda -1.5/share
insp -.60/share
ccmp -0.35/share
aapl +16/share
cree -11/share
plmo -4.50/share

2/8/2005

Deja vu of yesterday. Wow my snda escape a lucky turn today, thank goodness. Watched syna, went up quick, but came back all the way to yesterday's close. Will it hit 32.70? DRIV went down over 12% for no news, initiate position at 34.78. After hour csco earnings was good, but guidance was light. So tomorrow maybe a mixed day like today.

Trade: bought driv 34.78
watch: chkp (good earnings a few weeks back , but back to near 24 will definitely watch),
Current Positions:
driv -.70/share
snda -2/share
insp -.30/share
ccmp -0.50/share
aapl +18/share
cree -11/share
plmo -4/share

2/7/2005

Mixed market. Man the Chinese internet stocks are getting kill, which hurts my snda, after hours. Sold my sgtl for 1/share gain. Watched syna all day, this stock just when down all day due to an analyst lower it's price estimate. Who listens to analysts these days, this has to be oversold. Will initiate position at 30.50 or below.

Trade: cover sgtl +1/share
Watch: snda (under 30 will continue to add to position, atvi(good earnings, mixed guidance)
Current Positions:
snda -4/share
insp -.30/share
ccmp -0.40/share
aapl +16/share
cree -12/share
plmo -4/share

2/4/2005

The market finally had an up week for the new year. But, I think the index it will start to test some technical ceilings (10776 for djia,1210 for sp, 2110 for nsdaq. I'll see will they bust through it or back it off. Watched snda all day, this baby was selling off on the news for great earnings. I took a position on it at 34.68. I also shorted sgtl at 43, this is one of those stock that was linked to the aapl runup. It announced great earnings , but I think it has ran enough and time for a pull back. Sold all my atrs for at +.75/share. The semi's had a rally, which hurt my short on ccmp. I'll just watch my current positions on Monday unless something come into radar.


Trade: bought snda 34.68, short sgtl 43, sold atrs
Watch: the market
Current Positions:
snda -.50/share
sgtl +.25/share
insp +.40/share
ccmp -1.75/share
aapl +16/share
cree -12/share
plmo -5/share

2/3/2005

Mixed day for the market and my portfolios today. Watched amzn and merq all day. Too slow on merq to execute a trade to buy and also too slow to short amzn in the morning. However, I sold my rimm for a +1 point. This stock is very erratic, I believe it will go up, just taking a break. Big job number tomorrow.

Trade: cover rimm for +1/share
Watch: snda ( big earnings numbers), apcc( ok numbers), askj ( the low on this baby is $24, will just watch it)
Current Positions:
atrs -.30/share
insp +.75/share
ccmp -0.50/share
aapl +15share
cree -12/share
plmo -5/share

2/2/2005

Great market action today. However, all my position didn't moved with the market. THQI ran over 28 , and I didn't short it ( closed near 27). I don't know why I'm not following my plan of attack. Maybe I'm gun shy or not having the confidence yet to commit. I need to believe on my due diligence and go with it. Also, RIMM hit target but I changed the price, thus didn't get executed. It would have been a gain of 1.25, instead now I'm in the red. The fed raised interest .25 the market reacted down afterward, but rally at the closed. My plmo is floundering, I'll have to see by this week if I'll keep it or dump it at a lost. CREE I believe has stopped bleeding , but will continue to monitor it.

Trade: none
Watch: merq(great earnings, if moves below the close will buy), amzn(missed big, will definitely short at all cost, unless it opens below 35, otherwise short it due to historical move)
Current Positions:
atrs -.60/share
rimm -.80/share
insp +1.75/share
ccmp -0.80/share
aapl +17/share
cree -11/share
plmo -5/share

2/1/2005

Decent market action today. Missed the issx run up even though it reached my target. Needs to be more discipline and follow the plan written down. However, initiate short position on rimm, no news and this stock moves 6%. Also, bought atrs, thought enough was loss , should rise tomorrow. Tomorrow is the end of the fomc meeting , it should be interesting as to what the market does. But, everyone is looking forward to Friday's job number.

Trade: shorted rimm and bought atrs
Watch: mnst ( earnings ok, dropped due to guidance will see how low it goes and initiate position 27.60 or below) , thqi ( ran up huge after hour, will need to short if it moves above 28)
Current Positions:
atrs -.30/share
rimm -.40/share
insp +2.00/share
ccmp -0.80/share
aapl +14/share
cree -11/share
plmo -3.70/share