3/8/2005

A small down day for me today, but for the naz it was a modest down day. The oil monster is spooking the market again. I thought we were over this monster, but no it is still creeping us out. I didn't like how the naz retreat 80bps while the other index was less than 50bps. I guess all eyes are on thursday's intl's numbers. Today I shorted rimm at 64.25, I don't see it going over 65, even though we had two big analyst reiteration today. I believe it will move to 63 by end of week, before the big wireless conference in new orleans next week. And then it will move back up because the fear will be gone. I need to hold on to positions longer( eig, apcc ran up over .90 cents in the morning but came back down in the afternoon). This would have been a 1 dollar play rather than .10 cent from yesterday. I sold off half my ccmp for a loss. This stock is resilient it won't go below 31, so I took the down day to cover some and see what happens tomorrow. As for my apple, will sell if it goes below 40, just too much competition and that has profit taking all over. Tomorrow I'll look at my current holdings because the earnings has dry up for now.

Trade: cover ccmp for a $1/share loss, short rimm at 64.25
Watch: none
Current unrealized g/l:
rimm +.10/share
ttwo -.10/share
ccmp -1.05/share
aapl +9.80/share