3/10/2005

The oil monster is alive and well and today was the s&p and big board's turn to get hammer by it, while the naz also got hit. Cover my rimm, didn't want to, but it hit my stops, so a .25/share gain. Long snda at 32, it ran down further to 31 after that, didn't see any reason for the massive drop - the reason to buy. Will continue to buy if it falls to 30. Sold all my apple holdings because it broke my 39.70 point and was trending lower. It will probably bounce for a few points upward. I'll be watching osip ( maybe as a short, it is trending lower, downside risk is to 45), adrx ( good earnings, high will be 24.25 will see how it moves), cwtr( great earnings, down ah, probably a sell at the news reaction 29.50 or lower will be a buy) and matk ( terrible earnings will see how it moves before initiating long/short, hesistent because it was down 12.87% in ah, which seems over done).

Trade: cover rimm +.25/share, long snda 32, sold all of appl +8/share
Watch: osip, adrx, cwtr and matk
Current unrealized g/l:
ttwo -.10/share
ccmp -1.20/share
snda -1/share