4/21/2005

A huge upday today, however, I still do not think we are out of the wood yet. The number of new lows vs. hi out numbers it in the nyse and the naz. When I see this, I'm thinking there are still people in the sideline. I need an all out buying spree or selling spree for me to be convinved we are out of the wood. So, today I initiated two shorts, short on hdi and vrsn, both of these ran up high and it will probably go down for a point. As for Nue, I exited all position , jumped the gun definitely too early, if I would have waited I would have a gain instead of a loss. I know I need to have more patient and not let the market scare me out. Also, dumped my ttwo for a -1.25 loss and sold aig for +.60/share gain. Also, sold half of aapl for a -4/share loss. Basically, getting rid of all my losers in this upward move and repositioning my shorts. Tomorrow I'll just watch the market, because I've taken enough lose for the month to initiate any more positions.

Trades: short hdi and vrsn, sold ttwo, aig, and cover nue
Watch: postions
Current unrealized g/l:
sina -3.60/share
aapl -4.10/share
rimm -.20/share
sgtl +2.25/share
vrsn -.05/share
hdi -.10/share