5/30/2006

I was afraid of today's movement, which wiped out all the gains from last week. Shocked how far the market retraced after the long holiday because today should have been a slow and unchanged day. So this tells me the fear is still out there and last week's pause was for a few to get out. If the weakness continues then it will be 5 straight down week. But, there are several market moving data coming out( pmi on Wed and the job number on Friday)to move the market this week. Today, I sold all my ebay for +2, just to lock in my gains in this volatile market. Will continue to get out when the market rally and only buy to average down, this will be my mantra until next week.

Longs Cost Unrealized g/l:

expe 14.99 -1
mrvl 50.7 -4
rimm 68.7 -4
vlo 60.25 +.2
sun 68.90 -2.1
adsk 37.33 -1