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