8/9/2006

Well all the pertinent news are out and the market just fizzle. Too much apathy in the market, because as the market dropped, the vix indicator just stayed flat. I don't know what else will propel the market higher until next month's Fed meet and 3 q earnings. Was very disappointed how the Dow and S&P 500 dragged the Naz lower at the end. Also, didn't like how the Naz didn't stand up for herself. But, today as the Naz rally a bit in the morning, I sold half my position on rimm for +1/share and shorted ntri at 50.50. Ntri should come down a bit tomorrow, but as for rimm reaching over 70 is questionable with this unstable market. But on the bright side this down trend is helping my short on aapl big time.

Longs Cost Unrealized g/l:
rimm 68.7
adsk 34.33
sndk 46.77


Short Cost Unrealized g/l:

aapl 62.40
sun 78.50
ntri 50.50