Midday Update

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March 14, 2008

Index long trade was absolutely looking great until BSC came out around 9:50am and turned down a huge up opening for the market. F$%k.

WX – Dumped it  22.52 for a gain of 10%. I sold it basically because of a panic on the market open and didn’t want to see the profits disappear. Jefferies upgraded WX to a buy this morning and the reason for the pop. Holding WX was the smart play as its one of the best performers of the entire market today, currently up 11.3% today alone.

EMKR was sold @ 9.671 near the open for a loss of 5% which was smart (finally). EMKR is down 9% today alone.

AMAT – considered selling it and saving the little profit left, but decided against it.

Dow down 300 and considering taking a long in the UWM or QLD now.




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