Midday Update

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April 9, 2008

Bought:

YGE @ 20.80 had about 3% then it turned into a 2% loss as the market slid. I should’ve taken the trade when I had the gains. The whole solar sector was moving as OIL hit new highs, but solar backed off.

Sold:

YGE @ 20.38 for 2% loss

DRYS @ 71.21 for a 2.4% gain

NDX short @ this morning price which looks to be around 1.4% gain (held onto RUT short which is showing 2.8% gain right now)

JOYG @ 69.81 for a loss of less than 1%. Again I’m not taking chances. I can always buy it back.

CPST @ 2.46 for a 3 cent loss or 1.2% loss. In this market I’m not taking chances. I actually held onto CPST in a another account and sold it @ 2.46 for a trading account.

Semis are starting to catch a bid again. AMAT and INTC are green. I may add to my AMAT.

I’m short the market with my “bigger” money today so obviously I’m anticipating a selloff and is a contributing reason why I could sell these stocks this way. CPST could be down .10 in a day, or even close gaps at 2.41 and 2.3, however, its actually holding up VERY well on a down day which tells me it still has relative strength. I may have to buy it back higher if I’m wrong, ce la vie.

TITN opened up down 6% and has rallied back to being up 1%. Hitting a new 52 week high – I always sell early.




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