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On Friday I bought SJT.

Today I sold CPST.

The market is going down everyday and we still haven’t seen the panic. I’ve got an inkling that if it doesn’t come today, its coming tomorrow. At that point I’m going to be a buyer again.

I’m in cash in pretty much everything except my YHOO calls which are just bleeding to death. I’m actually considering taking the loss on them, but as soon as I do, MSFT will up their bid to 35 and make it an all cash offer the day I sell. I also have AMAT. Other than that – All cash. Basically doing what I should have been doing throughout Dec, Jan, Feb, and now after that early Jan drop. Thats when everything turned back down on my screens, but wasn’t a believer. November was where this started, but we had some back and forth that basically kept technicians in the lurch into late Dec, but after that first week of Jan was over it was clear there was a break. It was clear to me as well, but I try to outsmart myself . You have to be dumb to make money sometimes.

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