11/7/2007

Wow the bears are out and running loose again with the same old news ( credit crunch, weak dollar, high oil, and recession fear). But this time I think they are starting to get hold of the bulls because the s&p 500 cross the infamous 1490 line and I'm starting to feel the fear. However, the heavy techs are still quite strong, such as goog, bidu, aapl, and rimm are still way up in percentage gains since Sept. So once these heavy tech titans start to crack , I'll be there to short it. Yesterday, covered all my bidu for +1.75/share, finally it came down below the 400 mark but rally up again. I have no more shorts to covered. Daytrade isrg for +4/share today when it came down to the 308 and bounced to the 312 level. Long on grmn at 91.13 , this stock is down because of the bidding war with TomTom for TeleAtlas, fundamentally it is a great stock. Man if they retrack there bid it can easily move up 5 points, so will continue to add to my position. Tomorrow should be choppy again with not so great guidance from csco and aig.

Long
vmw 84.50
grmn 91.13

11/5/2007

Well another volatile Monday , down, up, sideway, up , and down near the end. The bulls are definitely trying everything to finish the year strong and after the ISM service numbers. Well covered all my goog for -15/share loss on Friday, this stock is very resilient and full of bullish momo, basically not stoppable. I started a short on baidu at 400 and start to feel the pain again. I just don't know why all these search engine stocks are on steroid like the internet bubble craze day all over. Baidu will definitely retrace below the 400 level, but when will it happen? If it doesn't by the end of the week, I'll have to take a loss on this hyper stock.



Long
vmw 84.50
Short
baidu 400

11/1/2007

I just don't know why the market moved so much downward today. I meant the negative news were just old news we all heard of before ( financials are terrible with the credit crunch and oils at record high is not helping all the oil stocks). Exxon Mobil and Citigroup pretty much dragged the whole market down. Fortunately, I was able to played grmn for +1/share and covered another quarter of my position on goog for -12/share. I'm really hurting on goog, but I think the tide will turn. As for tomorrow, it will be a huge day on the unemployment front and definitely move the market.


Long
vmw 84.50
Short
goog 90