10/18/2007

Another mixed day in the market, oils at record highs and the dollar is very very weak. Today basically played all the internet names that was announcing this evening. Daytraded sndk for +1/share, bidu for +2/share, and shorted isrg going into earnings and got burned with -20/share. Thank goodness I only had a very small position, I haven't covered yet will see how tomorrow turns out. I've noticed recently that there are many opportunities in the after hour market when a stock is announcing earnings. The stock don't just move straight up or down, but many waves, thus many opportunities to scalp. Tomorrow the bulls should come out with goog's fantastic earnings, but option expiration should throw a spin into it.

Current positions/cost
Long vmw 84.50 vsea 48.6
short
isrg 251.50