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