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