Added to longs: SIRO (34.79)
New longs: BCSI (25.47)
New shorts: CREE, (60.35)
Stocks to watch (very bullish):
Riverbed Technology, Inc. [[RVBD]]
Tempur-Pedic International Inc. [[TPX]]
Baidu.com, Inc. (ADR) [[BIDU]]
Wow, my workstation totally fried. Thankfully you can buy hard drive enclosures to save your data; so I basically spent two whole days recovering data and stripping two computers to the bone. I didn’t realize that my life was embedded into a small box. I felt all kinds of emotions when I couldn’t revive the machine- hate, sadness, regret, denial. Haha, what a douche. By the way, as a little tip for you people, if you’re in the market to buy a computer (PC), now is the time to get one. Now that Intel released there i-family chips, the core 2-duos and quad-cores are ridiculously cheap. I ordered one on Dell with a 24″ monitor for about 700. In the meantime, I’m builing my own super-computer using the chasis of the one that broke. Haha, what a nerd. Anyone can recommend a video card?
Anyway, market moving up in some choppy trading. But what scares me about being short this market is that a lot of leadership stocks are looking strong. I did a quick scan on the IBD 100 (throwing out about 40 of their crappy stocks), and found some great intra-day moves in stocks like RVBD, TPX, and BIDU. I like RVBD, detest TPX.
BIDU has been kicking butt again, which makes one of our favorite sectors to trade alive again. That would be China online. Keep watching those momentum magnets: SOHU, FMCN, SNDA, SINA, NTES.Comments »