4/29/2005

Another down month. This slow draw down is killing me slowly. But I must remain patient and watch the market's 1,2 step. Still believe the indices will come down further until we get some capitulation. Maybe next week's fomc and job number will move it up or further down for a major sell off. Today, I made a grave mistake of not being patient and too jumpy. I bought matk at 33.30 on thur, fri it open high and was trending lower, so I put in a stop at 33.40. It proceeded downward to hit my stops and all day it shot to the moon and closed at 38 and change. That is what you call a classic live and learn experience. This up and down mkt is making me take profit. Dumped all my insp for -3/share, iniate long on aig at 50 and play at 17.05.
Next week will be another big week.

Trades: sold matk, long aig and play
Watch: positions
Current unrealized g/l:
sina -5.10/share
aapl -4.60/share
sgtl -1.40/share
play +.04/share
aig +.85/share