Whew

When I finally got the computer up the market was already down 111 points. Had no stops in place as I rarely oversleep. Sold NTAP @ 29.80 plan on buying it back lower. Got Short DRYS 124. but couldn't hold on +2.40. If MPEL gets to the 16.50 i will consider buying a bit more. DISH holding for now. CRDC will continue to hold.

Today

Bought some MPEL @ 17.00 and will add to it at lower levels.
Daytraded some CTEL for a scalp.

Review

CRDC, mostly sellers after the opening strength, if you have a strong stomach it may be worth holding otherwise get out and wait for momentum to return.
NTAP, still holding, nice recovery today.
DISH, holding, the story is a buyout, however the stock caught a downgrade today on 3rd quarter earnings. I had an entry @ 48.60 but removed it quickly as the market was BRIGHT RED.

CRDC

@11.60 small addition.

Early pop

Stopped out of DNA -5cents
Sold LRCX @57.05

The early pop shows signs of weakness.

DNA

Just started a position in DNA @ 74.65

Pre-market

The shippers are receiving lots of target upgrades this morning.

Picked up some DISH pre-market,,,,,,,,,,,,,,,,,Risky
Order in for more CRDC under 11.00,,,,,,,,,,,, Risky

Good Luck

Good Luck. Gone for the rest of today. SET YOUR STOPS>

LRCX

Started a small position in LRCX @54.66

Possible sector trades

BIOTECH and select TECH look to have some upside in front of them

Today

CBAK stopped out Friday. OUCH!!!!!!!!!!!!!!!!!!!!!!
NTAP looks good.
CRDC, no volume could go either way. Could sell and wait for a rally over 15.15 I'm holding for now.

I'm mainly focused on day trades right now.

Today

Ok I have a DRYS short @118.11 with a break even stop.
CBAK looks extremely bearish.

That's it for me today. Have to leave.

Good Luck.

VMW

No shares available to sell short, again another lost opportunity.

Today

Not expecting too much from this market over the next week. Also watch for selling off any moves to the upside. Sure there will be pockets of strength but most players may just try to protect gains.

Mostly daytrading for me.


Holding CRDC, and will unless it starts to fall apart.

Holding CBAK, I'll unload it under 8.00 if it starts selling off.

Holding NTAP, giving this one some room too run.

CRDC

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5473017&Type=HTML


The VP of Cardica made a substantial purchase of stock yesterday.

Selloff

Let things shake out before making risky decisions, let's determine if this is a falling knife or a reasonable pullback.

I removed my stop in CBAK, I'll just trade around it.
Caught some DRYS on the short side @121.15 but just like yesterday covered way before the huge potential gains arrived.
Still have an order for more CRDC.

CRDC

Very low volume, could go either way , I'm holding tight with another small entry order in the 12.70 level.

CHINA

Out @ 8.84

This morning

CHINA is gapping up, Hold.

CBAK, entered pre-market @8.87, also have a secondary entry @ 8.70

MOmentum

Momentum is what's working.
The indexes may be down today but there was plenty of strength.

Set your stops.

Stopped out of RADS, OIH.
2 Daytrades in DRYS on the short side.
1 small purchase of CRDC 2/3 sized position for current conditions.