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