5/31/2005

A mixed and slow day after a long holiday. Well there are more economic numbers out this week with the big job number and tomorrow's ism index would bring volatility back to the game. My rimm is trying to short squeeze me, feeling the pain but will hold and continue to add to this stock. Just can not believe it is value this high with all the competition around. At least sgtl, rally today in a down market, which is puzzling, maybe finally a short covering. For the month, I started out ok, but ended up just like flat for the month, no gain whatsoever. As for tomorrow, tex ( great earnings, maybe long) and smtc ( ok earning but guide flat, short).

Trades: none
Watch: positions
Current unrealized g/l:
aapl -1.25/share
sgtl -4/share
vlo +7.00/share
rimm -7.00/share
eyet -1.70/share

5/26/2005

Good support for the market today. I'm guessing it will be smooth sailing toward the end of the month. One thing I don't like is how it is rallying before the summer month begins. Summers are usually slow months, because if we have this rally now, then we will just be range bound all summer until 3rd or 4th quarter. Today no trade for me just watch my position rollercoaster throughout the day. Still getting agitated about sgtl's movement, it moves only negatively with the market and not when the market is positive. Something is up and I don't like it. Tomorrow, I'll watch ditc ( not good earnings and guidance will buy if it goes below 7).

Trades: none
Watch: positions
Current unrealized g/l:
aapl -0.30/share
sgtl -3.85/share
vlo +7.50/share
rimm -3.30/share
eyet -.60/share

5/25/2005

A small retracement but in low volume. GDP coming out tomorrow should be volatile again. Long position on eyet at 14.58 ( a bit late to the party, but I needed to see solid uptrend rather then pump and dump), heard the ceo on the telly yesterday and he sounded confidence on his product. Also, genentech's drug has not been approved by the fed's yet. Some no name analyst finally had the balls to tell how overbought rimm is compare with Goldman Sach's comments. I commend him for doing this and shining the truth into the matter. Sgtl is really starting to get to me, down another point and change, will maintain position until I hear any news. There are no news or any rumor from this stock to go down, thus it probably went with the market. Tomorrow, I'll watch mik ( great earnings, up in ah and over 52wk high, will have to watch what id does tomorrow).


Trades: long eyet
Watch: positions
Current unrealized g/l:
aapl -1.25/share
sgtl -3.85/share
vlo +6.70/share
rimm -3.00/share
eyet +0.02/share

5/24/2005

We are definitely forming some type of base here. I see it in a few technology stock, they seem so relentless to keep on moving. Today, I cover my short on plab -.70/share and sold petm for -.65/share . These loss I took to build cash for other opportunities. I was losing cash because it all went to shorting rimm. This rimm and sgtl is starting to agitate me. It is quite painfully for these stock to act the opposite of what I was expecting. But, I still believe in my positions and the common sense will start to be back in these stocks. I'll just be watching my positions and any other stocks that come along for the remainder of the week, since the earning season is pretty much slow to a crawl. I will watch eyet tomorrow to see will it do a dead cat bounce.

Trades: sold petm, cover plab
Watch: positions
Current unrealized g/l:
aapl -1.25/share
sgtl -2.65/share
vlo +6.30/share
rimm -5.00/share

5/23/2005

We are starting to form a firm base, but this week will tell if it will be solid or just firm. Today, I added to my short on rimm to a cost basis of 76. This stock is definitely over bought. No news whatsoever and it is forcing the shorts to cover, which drives it up further. Tomorrow, will just watch the markets reaction to the fed's minutes.

Trades: short rimm
Watch: positions
Current unrealized g/l:
aapl -1.25/share
sgtl -2.65/share
plab -.30/share
vlo +4.80/share
rimm -3.00/share
petm -.50/share

5/20/2005

Friday was a mixed day on low volumne. As for me, day traded anf for +.40/share, basically that was it for me. The week for great for everyone. As for next week, the fomc minutes, new home sales, gdp, and michigan sentiment will rock the market. But it can also be a slow week after Thursday because of the coming long weekend. This market seems to be forming a base, but then we are heading to the easy living summer time which slows everything to a crawl.

Trades: day traded anf
Watch: positions
Current unrealized g/l:
aapl -3.5/share
sgtl -2.65/share
plab -.55/share
vlo +4.00/share
rimm -2.00/share
petm -.05/share

5/19/2005

Back to back positive day where all my indicators were up. It seems as though we are getting some traction here. Tomorrow will probably be a volatile day with option expiration. Today sold a quarter position of my vlo for +4/share, will hold the remaining quarter positions. It might go up another 2 dollar to 68, where I'll unload the rest and start building my short. Went long on petm at 31.5, looks like it has momentum to run for a point. Sold osip for +.30/share, it was acting weak even though all the other biotechs were up, thus took a measly profit. Add to my short on rimm to a cost basis of 74.91, this stock is very over bought. No news whatsoever and it moves about 10% in 3 days, just amazing. Getting very inpatient on my sgtl, just have to be calm and wait it out. Nothing for tomorrow, but I'm guessing everyone is having a fantastic week, and there might be some profit taking.

Trades: sold short rimm, sold quarter position on vlo, sold osip, long petm
Watch: positions
Current unrealized g/l:
aapl -3.5/share
sgtl -2.25/share
plab -.43/share
vlo +4.00/share
rimm -2.44/share
petm +0.48/share

5/18/2005

Finally the first positive day where all my indicators were up. The cpi numbers was the culprit, but let see how it reacts to the option expiration this Friday. Today, I sold half my vlo for +3/share, it moved up big in the morning due to the oil inventory numbers and dropped later on the day. Will continue to watch this one, if it dips below 62 , I'll dump the rest of my holdings. Sold all my mfe for +.20/share, it is just not moving, not even today's rally. Added more to my short position on rimm to a cost basis of 74.14 ( no news, except for the conference presentation today). Short plab at 22, this stock had fantastic earning, but it should not have warranted a 25% run, will cover at 21. Disappointed that my appl and sgtl barely moved. Sgtl is prime to make some kind of move very soon, in the next 2-4 days. Once again, didn't see anything in the aftermarket to watch for tomorrow.

Trades: sold mfe, short rimm, short plab
Watch: positions
Current unrealized g/l:
aapl -4.50/share
sgtl -2.00/share
plab +.10/share
vlo +2.00/share
rimm -2.25/share
osip +1.00/share

5/17/2005

Another slightly negative day even though it looks like we are reversing. I think this is definitely a fake out( the volumne is low and the new high vs. new low is in favor of the lows). The cpi tomorrow will be the big test to see what the market wants to do. Today, my energy stock has finally rally and very glad everyone is having their common sense back in check. Also, shorted rimm at 71.95, will probably move up some more but will be ready to add to my positions. Went long on osip, thinking the bottom is near, will add if it moves lower. For tomorrow , anf( good earnings, down in ah, may short due to the fact that everyone wants out).

Trades: short rimm and long osip
Watch: positions
Current unrealized g/l:
aapl -4.95/share
sgtl -2.24/share
mfe -.20/share
vlo +1.70/share
rimm -.50/share
osip -.20/share

5/16/2005

Even though the market rally today, I'm still not convince of a reversal. I still feel the market is slightly negative. But with cpi and ppi coming out this will be the fuels to the fire. Today, I add to my position on vlo to a cost basis of 61.13, still believe these energy stocks are at the cheap now. Since the summer driving season is coming in two weeks we should see oil back to the 50's. Also just watched rimm, bounced around and test it's support and resistance. Tomorrow since there aren't anything in the after hour will just watch my positions.

Trades: add to position on vlo
Watch: positions
Current unrealized g/l:
aapl -4.75/share
sgtl -2/share
mfe -.40/share
vlo -.50/share

5/13/2005

Another negative day, I believe the Dow and Naz will touch new lows, it seems to be trending that way. But it can reverse with the cpi and ppi numbers coming in this week. Today I bought vlo @ 62.30, think the selloff on the energy sector is over done. The earning season is slowly winding down, so no new prospects yet.

Trades: cover rimm
Watch: positions
Current unrealized g/l:
aapl -5.50/share
sgtl -2/share
mfe -.80/share
vlo -.40/share

5/12/2005

Another negative indecisive day. Which worked out for me because my rimm came down and gave me an opportunity to cover for +1/share. My sgtl and aapl is still struggling to survive. However, I'm confidence in sgtl's recover but not that much in aapl's. Tomorrow, I'll watch nvda ( great earnings, if open 24.50 or below will buy). Overall, the market seems to have reached a ceiling and is slowly reconciling. Will it make lower lows, maybe, or just range bound for the whole summer.

Trades: cover rimm
Watch: positions
Current unrealized g/l:
aapl -6/share
sgtl -2.90/share
mfe -.40/share

5/11/2005

The market is acting indecisive again. The volume I'm seeing is light and we are not having any strong confirmation. Hopefully the retail sales number and the sentiment numbers will make a statement. Today just watched the market rebound a bit. I add more to my position on sgtl. I do not know why it moved down the past few days, but believe the stock will be in the 28-30 range by the end of the month. Didn't see any action in the after hour for tomorrow.

Trades: none
Watch: positions
Current unrealized g/l:
aapl -4.40/share
sgtl -2.00/share
mfa -.40/share
rimm -1.00/share

5/6/2005

A very decent week, I'm guessing for everyone on Wall Street. Today, I went long on mfa, think it has potential to go up another point on Monday. As for the coming weeks, just more earnings, retail sales and sentiment numbers in the horizon. I still am not believing we are out of the negative bear trap. We will have to see what the week and month will hold.

Trades: bought mfa
Watch: positions
Current unrealized g/l:
aapl -4/share
sgtl -0.40/share
mfa -.10/share

5/4/2005

Good solid positive day today. Like the action on the market, but I'm not convince yet. If tomorrow's retail and Friday's job numbers are good and anticipated then we should rally. What a roller coller day for me today sold my play for +.70/share daytraded mstr for +.60/share and stra for +1.50. Stra was very shaky this morning and begin to sell off heading to the early afternoon hour, however, I continued to buy it. My emotions was up the charts when this baby continued to drop as if it was the end of the world. I guess the late day short covering bailed me out of this stock. However, I've learn to be patient and not panic and sell for a loss and ride the market till the end. Could have made another 2 points, but it hit market target so I'm glad whith it. Tomorrow we have asca (guide lower, if cracks 51 short it), edmc ( beats earnings will see what it does in the morning), and gpro ( decent earnings, if opens below 44.50 will buy it).

Trades: sold play and daytraded mstr & stra
Watch: positions
Current unrealized g/l:
aapl -4/share
sgtl -0.40/share

5/3/2005

Another negative day. Since the fomc announce the 25bp the market was in a confused state. It didn't know does it want to go up or down. I guess we will have to wait till Friday's job numbers. Today, I daytraded ceco for +.40/share also dumped all my sina for -2/share. Sina has been moving up with no news and earnings will be out on Thursday. So, just took the opportunity to take a loss. Tomorrow the only thing I see is erts ( very ugly earnings, will definitely short but have not found an entry point yet). Will also continue to watch the market for any deals to make.

Trades: sold sina and daytraded ceco
Watch: positions
Current unrealized g/l:
aapl -4.88/share
sgtl -0.40/share
play -.45/share

5/2/2005

A mixed day on decent volume. This is the week we should capitulate. Today, I sold all my aig for +4.38/share that was a great trade for quite a long time. Basically watched my positions throughout the day. Tomorrow will just be fed watching and see what happens. Tomorrow I'll watch : ceco( ok earnings, if moves above 35.9-36 short it) and mvsn( not good earnings, if open between 19.75-20 short it cover at 19).

Trades: sold aig
Watch: positions
Current unrealized g/l:
sina -4/share
aapl -4.60/share
sgtl -1/share
play -.15/share