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