GOOG I-Watch

10/24/2005

Oct. 24 - Nice, but will it last?

Impressive single day gains, but will the Bernanke Bounce continue? Decided to prepare for the worse, rather than get carried away by the euphoria. Shorted CREE from 25.60, MIPS 3.90-covered at breakeven (instit unloading did not do as much damage as in CREE), looked but found no short shares in ITWO. CD and GEHL had spectacular meltdowns early in the session. I'll continue to look for momo plays long and short on Tues.

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