7/20/2005

Wow very bullish day, even in the face of Greenspan's speech on steady increasing rates didn't detour the market. Also, the vix and vxn which are the option volatility gauges for the naz and sp500 are at very historic low levels. Which means to me the market is in heaven and nothing will stop this roaring bull. Also, heard one of the talking heads stated there are still a lot of cash on the sidelines. Today, sold yhoo in the morning for +.05/share, it didn't trend upward as expected. Watched my mstr try to go above 71, but the day is getting very near for the big selloff, or my conviction is dead wrong which I will pay dearly for. In the after hours, ebay up huge, wanted to get in but was too late. FFIV and vrsn was down, however earnings and guidance was ok; sometime I just don't know what the market is looking for in a company. Tomorrow's fomc minutes may spook the market or maybe not, since there is still a large amount of company continuing to report.


Trades: sold yhoo
Current unrealized g/l:
wtw -2.54/share
cbh +2/share
mstr -5.30/share