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Being Short. Today was a whopper. I wish I never sold those puts. However, the R2K inverse funds yielded 3.6% and the NDX 2.4%. Nice! I’m looking to get out tomorrow morning no matter what happens.

ONT got shalacked for > 5%. I said it was coming. I think its going to get hit with more.

JSDA got the tradeable bounce, but thats going lower too.

Alot of stocks got hit today, but you know what was up?

CRIS, TIVO, USEG, and GSS.

HERO was up 2% on the day. I’m hanging on to this one and not selling here. If you want to trade it, I think there might be a 1 dollar of downside, but there is upside left and I’m sticking with it.

BRNC and RDC have not popped or moved in the same manner yet, and they may do so sometime in the near future. Buy on the dips.

I watched “On the Money,” tonight and they mentioned or reminded me, that May is sweeps month. This might be good for TiVO. A reason why the stock is holding up and showing a bullish pattern? hmmmm. I might go for those TIVO call options.

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