Plenty of Noise

A weak open despite the weak econ #'s which were assumed to drive markets higher.

Tough read here since most shorts have declined significantly. And shorting when the odds are not stack with you is rather a ballzy bet.
Semi's have declined about 18% avg. in line with the may corrections. And obsiouly commdity related names.

Here are short ideas from few weeks back outlined with ranges. Again ballzy to step in as a short.


BEN: short in tact between 90-80 range. Asset Manager have had a huge surge in the last 3+ year and near-term have shown weakness....would trade around this short. (recent range $104-90)
TEVA: a short worth adding to on any strength. Strong volume break down ...setting up for intermediate-term weakness. Further correction to continue. (45-37)
WDC: short: 21.43 resistance using support around 18. and Add to short if breakdown below 18. ($24-18 range).
BRCM: A short worth coming back to as it is reaching overdone levels. Add to short on any strength. ($50-36 range correction).
RIMM: $90-70 range offered a great short opportunity. watch closer to $70 for potential bounce but intermediate-term momentum slowing.
not timely here but watch and add.

Resourceful web links

http://www.nytimes.com/packages/khtml/2006/04/02/business/20060402_SECTOR_GRAPHIC.html?adxnnl=1&adxnnlx=1147725071-Slhe5YiMo/fiDD3uxFl4cQ
http://insider.thomsonfn.com/tfn/stocks.asp?imodule=seasonality&ticker=wpp&ttype=A
http://news.morningstar.com/fundReturns/CategoryReturns.html
http://www.adrbny.com/adr_index_landing.jsp
http://biz.yahoo.com/p/fam/fidelity_group.html
http://www.digitimes.com/

June 1, 2006

May is over! Data anticipation awaits. Early bets and tough read here.
Stradegy: will follow up. Pharma, Telco and Energy might be sectors of interest. Revisiting retail in the next 2 quarters.


Retail. Good #'s sector showing some life today

....OSX making a run after sluggish start.....Tech some sort of a recovery at this point to stock specific at this point not much actiobable.
Wondering about the metals/golds if a major buying oppertunity here sensing too much fear but strggling to justify other side of the trade. Not impressed by gold action.

Pharma: showing some life today maybe month start bets. A long-term theme that might be failry valued and oversold enought to take the risk. Biotech is very mixed. but index net is negative. Healthcare underperforamnce being examined.

Resourses:

http://www.nytimes.com/packages/khtml/2006/04/02/business/20060402_SECTOR_GRAPHIC.html?adxnnl=1&adxnnlx=1147725071-Slhe5YiMo/fiDD3uxFl4cQ
http://insider.thomsonfn.com/tfn/stocks.asp?imodule=seasonality&ticker=wpp&ttype=A
http://news.morningstar.com/fundReturns/CategoryReturns.html
http://www.adrbny.com/adr_index_landing.jsp
http://biz.yahoo.com/p/fam/fidelity_group.html
http://www.digitimes.com/