7/28/2005

Another bullish day today. This market just keep on chucking along and I keep on shorting and getting slammed hard. My mstr announced superb earnings and it is up big in ah and I'm down -10/share. This is not good for me at all. I'll have to watch the action tomorrow and just get the heck out of dodge . Basically, July has been terrible for my confidence and portfolio, while the market is having the best July in 7-8 yrs. However, today I shorted amzn near mid day and it moved up higher. I just don't like how this market is just moving up like it is 1999 all over again. Even, my affx after announcing terrible earnings and guidance moved up 3.8%, it just doesn't make sense. One thing for sure, at least 75% of earnings should be out by tomorrow and the slide should start next week. There will be nothing left over to fuel this huge rally. As for now, I'm quite disappointed in my performance this month.

Trades: none
Current unrealized g/l:
sbux +1/share
wtw -5.6/share
cbh +3/share
mstr -10/share
vrsn +2.00/share
amzn -1/share
affx -.03/share