6/30/2005

The market continues to be slightly bearish for this whole week. Since all the news is out and 2q is over, it is earnings season time! Just one of those days the market makers of rimm read my blog and got me out at 74.91 for a +1.25/share. I was waiting for it to reach 76, but it sold off hard at the end, so I immediately dumped. Initiate short on cof at 79.65, a bit early but it will come down. This baby ran up due to takeover speculation after the bac/mbna deal. Until I hear otherwise, I'll continue to short. Also once this possible takeover candidate blows over, down it will go. My vlo is still holding up above the 80 level, even in the face of lower oil price. If it continues to hold above 80 tomorrow I'll have to cover and take my loss. As for tomorrow, there might be a bounce in store, it has happen in the past few fomc meetings.


Trades: sold rimm
Current unrealized g/l:
cof -0.35/share
vlo -0.70/share
wtw -0.50/share
ovti -1.20/share

6/29/2005

Sold all my sgtl for a -8/share loss. This had to be done, even though it took out all my profit for June. Disappointed but I only have myself to blame for not being discipline enough to follow through to my plan. Initiate short on vlo at 78.40. I think this oil sector is over extended and is time for a profit taking. Also, long rimm at 73.66, the earnings and projections were ok. Huge drop in the after hour, but I don't know how it will play out in the long run. In the near term this stock is only pending the ntp settlement,it might touch 75 for all of us longs to get out before it goes to the upper 60's. We will see how the game plays out tomorrow. Month end tomorrow and fed watch, it should be volatile.

Trades: short vlo, long rimm
Watch: positions
Current unrealized g/l:
rimm -1.40/share
vlo -0.50/share
wtw -1.00/share
ovti -1.30/share

6/28/2005

Finally, the news from sgtl is out. I like it, but it will never go back to my cost of 26 anytime soon. It should pop tomorrow, which will let me dump all for a pretty bad loss. Well, tomorrow I'll also watch rimm, since earnings will be out after hour.
They will meet or beat earnings for sure, but I just don't know what how this stock will move. It will not touch above 80 and has had a hard time going below 70. So, if it runs up near 80 tomorrow, short it for me. Also, continue to watch the oil refineries.

Trades: none
Watch: positions
Current unrealized g/l:
sgtl -8.40/share
wtw -1.20/share
ovti -1.30/share

6/27/2005

What a terrible day to start the week and to end the month. My sgtl was hit with a double whammy; 1. a downgrade and 2. vendor decreased revenue projection. This does not bode well for me and my portfolio. It basically wiped out all my gains for the whole month. However, I'll continue to hold on until earnings, since it is within a month away. I still need to hear it from the company, not any analyst or vendors. This week I'll try to end with a profit for the month, even though I have a major battle with only 3 day left. I'll watch rimm for a long and the oil ( vlo and tso) for a short. But other then that, it should be a calm few days and the market will end with a pre-4th of July bang!


Trades: none
Watch: positions
Current unrealized g/l:
sgtl -8.00/share
wtw -2/share
ovti -1.50/share

6/23/2005

Just sold off on practically no news. No it is not the oil monster touching 60 or the Greenspan/Snow talking about China with the Senate, it was just plain over reaction selling. Today, cover rimm for a measly +.15/share the market pushed this baby all the way down for me to get out. I'll see how this stock play tomorrow before initiate a long for the earning numbers. The momentum is positive, even today it only went down exactly when the market started to tank. It also dropped below 78 at the last 5 minute, which tells me it still has a lot of strength on the up side. Went long on ovti at 14.80, earnings and guidance I thought was ok, it is down in ah, just don't think it will touch below 13. Also, watched the oil refiner vlo and tso got hammer on high oil price, I just don't get it, maybe it is a sell program to release when it oil hit 60.


Trades: cover rimm, long ovti
Watch: positions
Current unrealized g/l:
sgtl -4.90/share
wtw -2/share
ovti -0.50/share

6/22/2005

Another mixed slow day in the market, but at least the bulls are back compare to Mon and Tues. The oil inventory numbers made the oil price go down, but majority of the oil stocks were up, which gave me an opportunity to dump all my vlo for a great +18/share. I'll monitor vlo and tso, the two refinery for a short position in the coming week. It might go and hit 52 week highs, but I'm thinking these stock has run its course and time for a pull back. Also, today I initiate a short on rimm at 77.75, this time I was much more patience then the first time I shorted it. Even though there is positive news from the patent office on it in the after hour, I'll continue to short if it moves above 80.75. This ntp and rimm deal will take on forever, until the final settlements are hammer out. Until I see the word "settlement" or "court ruling", I'll continue to short as it goes higher. Also, earning come out next Wed and if it runs any further, it will be a sell on any kind of news trade.

Trades: sold vlo
Watch: positions
Current unrealized g/l:
sgtl -4.90/share
rimm -.60/share
wtw -1/share

6/21/2005

Another slow day in the market. It has been 2 straight slightly bearish day for the market. I'm guessing this week will be quiet until next weeks fomc meetings. But anything can happen with pre earnings announcement. Today, started out watching len, very erratic in the first half which made me uneasy about placing a short trade. At the end just stayed out of it and played it safe. Sold all of qsii for -2.20/share, this stock just wants to head lower. Now I only have 3 positions, will probably unload the rest of my vlo, depending on the oil inventory on tomorrow and if it runs up further. I'll just take a huge profit and be happy with it. Tomorrow , I'll watch jbl ( had great earnings and guide ok)


Trades: sold qsii
Watch: positions
Current unrealized g/l:
sgtl -4.40/share
vlo +18.00/share
wtw -0.60share

6/20/2005

This market continues to move up just a bit even in the face of higher oil prices, nothing seems to stop it. Today, I sold bebe for a -1.60/share, it hit my target of going below 26.5. Also, wanted to dump my qsii due to the high volume sell off. I don't like how this stock is moving and it is very volatile. Will watch what it does tomorrow and decide. The only thing saving my portfolio is the high oil price which is helping my vlo. On the other blogs, a few are watching len's number for tomorrow morning's play, I'm thinking of shorting it instead, because the majority of the earnings has already been baked into the high price. I will monitor what happens, and decide. This week there is aren't any solid economic numbers to move the market, the market will move only on the oil price and pre earning announcements.

Trades: sold bebe
Watch: positions
Current unrealized g/l:
sgtl -4.00/share
vlo +20.00/share
wtw -0.20share
qsii -1.45/share

6/16/2005

Another lackluster day, even with improvement in the housing numbers. However, the machine continues to move forward slightly each day. Tomorrow will continue to be lackluster, but the week turn out pretty decent. Today, I covered all my rimm for a +2.25/share, didn't like the news regarding the work around technology. Also, it moved above my 73 point. Shorted wtw at 51.11, just no news to moved this stock, it is traded at its historic high now. Will short more if it moves above 52. Nothing for tomorrow, just will watch my positions.

Trades: cover rimm and short wtw
Watch: positions
Current unrealized g/l:
sgtl -3.00/share
vlo +13.50/share
wtw -0.40share
bebe -0.70/share
qsii +0.75/share

6/15/2005

Another rocket went off and it was stopped by the high oil monster. Wow, this market wants to move up, but there is so much complacent. The market continues to be bullish. Today, bought qsii at 48.20, will position trade this stock due to the high volatility. Overall, all my trades has been doing so well in this trading range market.


Trades: long qsii
Watch: positions
Current unrealized g/l:
sgtl -2.80/share
vlo +12.80/share
rimm +3.50/share
bebe -0.30/share
qsii +0.60/share

6/14/2005

Well the ppi rocket was sent and it was a fizzle. Only 3 more rockets(cpi,housing, and sentiment) left to push this market further. Today cover my stra for +.90/share and erts for +1/share. These trades were for position trades only not to be kept long, thus for the quick release. Also, this market is itching to go up further and I didn't want to hold several short positions. Watched bby sky rocketed to the moon, will watch how this stock trade tomorrow. May go long for a few points if the momentum is there tomorrow.

Trades: cover stra and erts
Watch: positions
Current unrealized g/l:
sgtl -3.50/share
vlo +11.30/share
rimm +3.50/share
bebe -0.30/share

6/13/2005

Another sideway movement Monday. Nothing spectacular to move the market. Today, started to short stra at 90.50 and erts at 37.78. These two stock moved without any significant news. Will have to watch closely tomorrow because these two closed near its high. However, it can reverse due to the large run up without news. Sgtl is getting close to my cut off point, but must be patient to wait for any news about earnings.

Trades: short stra and erts
Watch: positions
Current unrealized g/l:
sgtl -4.60/share
vlo +10.70/share
rimm +3.40/share
bebe -0.80/share
stra +.50/share
erts -.25/share

6/10/2005

Another slow day in the market, just restless sideway movement all week. Next week it should all change and the fun will begin again. This week for me it was ok, it was the best week I had for this year. Thanks, to rimm and the oil price moving upward which helped vlo. Today, I dumped all my aapl for a -5/share loss, it just didn't moved above the 36 mark so I sold. Didn't like how it is just slowly taken out 2/3 of the gain since mid May. I'm also tempting to unload all my sgtl for a major lost, this is another stock that doesn't seem to move at all. I'm just waiting for any earnings news to make my decision. Well next week, there is opec, cpi, ppi, michigan sentiment, triple witching, and probably some pre announcements from companies.

Trades: sold all rimm
Watch: positions
Current unrealized g/l:
sgtl -4.20/share
vlo +11.10/share
rimm +4.00/share
bebe -1.00/share

6/9/2005

Market is continue to be bullish, what is going to be the catalyst that will propel or cause a major sell off in this market? Greenspan has spoken and it moved the market a bit, but not enough to break out of this range. Definitely next week will be big, with cpi, ppi, and option expire this will be some major firework. Today, the wall street god just gave me a break with rimm, I knew this stock was over value, but wow who would have thought the ntp settlement has stalled out. Cover 2/3 of my positions for about +3/share gain, the remaining will cover at 70 or unless something changes. That was basically what I watched all day , wanted to short ceco and ttwo for the run up but once again it never hit my target. Tomorrow, will just monitor my positions since there wasn't any major earnings announcement.

Trades: cover 2/3 of my rimm
Watch: positions
Current unrealized g/l:
aapl -3.60/share
sgtl -3.20/share
vlo +10.80/share
rimm +2.45/share
bebe -1.10/share

6/8/2005

Continue to move sideway but still bullish, lets see what tomorrow will bring when Greenspan speaks. Today, my bebe just dropped due to a no name shop downgrade to sell, wow that is just amazing that anyone can just say sell and the stock goes down. Will watch , if it goes below 26 , I'll have to cut my loss. Rimm sold off in the morning and touch its 200sma and bounced off. Will it continue its down trend which I believe it will, probably reverse a bit and the downtrend will continue to the end of June. As for sgtl, I'm just very frustrated how it is moving against me without any news. No trades today, wanted to short imclone but didn't hit my target.

Trades: none
Watch: positions
Current unrealized g/l:
aapl -4.30/share
sgtl -3.60/share
vlo +8.40/share
rimm -1.60/share
bebe -1.60/share

6/7/2005

Just one of those day the market wants to run, but there was not definite reason to do so thus for the selloff at the end. The market is still very bullish, it just need solid confirmation from corporations to move it up. A bit glad that rimm is starting to selloff. Will it hold till next weeks option expiration , where more volatility should shake more long term holders? Today, no trades just watched my positions.

Trades: none
Watch: positions
Current unrealized g/l:
aapl -4.70/share
sgtl -3.00/share
vlo +8.20/share
rimm -1.60/share
bebe 0.00/share

6/6/2005

Another slow base forming day. There aren't any catalyst or major earnings until Thursday for the volatility to begin. Today, sold all my eyet for -3/share loss. This baby was going against me in the start and today's down fall in heavy volume with no news just hit all my stops. The common sense people are starting to roll back into rimm and sgtl. Which is great for me, but still cautious. This weeks earnings are very scare so, I'll just play whatever happens in the market. I watched teva, wanting to short it but it didn't moved above my target.

Trades: sold eyet -3/share
Watch: positions
Current unrealized g/l:
aapl -3.30/share
sgtl -3.00/share
vlo +10.70/share
rimm -3.40/share
bebe 0.00/share

6/3/2005

The market is starting to base here. Even though it was a down day, the volume was lowest for the week. Which to me, people are just shaking off the negative news and the bulls are still running the show. Today , didn't make any trades, watched bcsi quite a bit as it moved upward in a negative market, then a bit down at the end. Which may me doubtful about shorting it. Missed the opportunity to dumped my bebe in the morning, got up a bit late. Rimm continued to moved down and the oil prices helped my vlo. I don't know how low rimm will go, but will have to take a lost if it reverses. Then apple went down with the battery situation, but like how it closed near its open. Next week, no major economic news just Intel's mid quarter confession and Greenspan's speech.

Trades: none
Watch: positions
Current unrealized g/l:
aapl -3.00/share
sgtl -3.75/share
vlo +10/share
rimm -4.40/share
eyet -1.70/share
bebe -0.30/share

6/2/2005

A flat day just as expected, just waiting for tomorrow. All my positions turn out ok, rimm finally turn a bit with a slightly negative comment. However, rimm still has a lot of support in the 80 dollar area, but it will go below it probably in July. Today, bought bebe for their outstanding same store sales and higher projected earnings , got in at 41.86 a bit worry when it headed south but rebound at the end. Tomorrow, I'll watch bcsi ( great earnings, in ah it moved 20%, the resistance are around 25-26 will it have enough momo to go further)? The good news were expected since 5/5, maybe a selloff in the morning to 23. If it moves above 24.50-25 I'll short.

Trades: none
Watch: positions
Current unrealized g/l:
aapl -1.00/share
sgtl -2.75/share
vlo +9/share
rimm -7.25/share
eyet -1.70/share

6/1/2005

This market is starting to firm up here. It continues to have leg to run but I don't think it will set new high. The bulls are here to stay for sure. Rimm continues to squeeze at me, but I'm starting to see just a bit selling pressure. There is really no news from the company to push it any further, the only news was an upgrade on earnings by bear sterns, but who listens to these talking heads anyway. Will continue to hold onto my shorts until any major news from the company then I'll reevaluate. Sgtl had another strong day a bit more buyers but will it hold? Overall a decent day, don't see anything in the earnings front for tomorrow, guessing it will be calm before the job front storm.

Trades: none
Watch: positions
Current unrealized g/l:
aapl -0.75/share
sgtl -3/share
vlo +9.5/share
rimm -8.00/share
eyet -1.80/share