3/11/2005

Market sold off alittle. Maybe it was the trade deficit, maybe intc had just a small higher guidance, maybe oil, whatever it was it needed a breather. Next week wouldn't be any easier, with retail sales on tuesday and housing starts number on wed. Also, the wireless conference mon- wed in new orlean. Today I covered all my ccmp for a loss of -1.10/share, it was not moving with the semi market, it was so resistance to the 32 market. Bought bmet at at 39.02, there were no news and it has been dropping for over a week, and the big boys were buying. Bought rimm , think the selling is over and should go back up after the wireless conference next week. Yesterday, shorted sgtl at 40.40, because it was near its high and no more momentum or catalyst to move higher. I will watch yhoo on monday, it didn't move down that much with the other online advertisers.

Trade: sold all of ccmp for loss, bought rimm and bmet
Watch: yhoo
Current unrealized g/l:
bmet +.40/share
rimm +.10/share
ttwo +.30/share
snda -.85/share
sgtl +2/share