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