GOOG I-Watch

10/27/2005

Oct. 27 - Market dons bear costume

Down trend resumes amid GM's pension woes with more spectacular breakdowns and fewer breakouts, DRIV, DRTK, ORCH leading the former. Some are betting that today was a buying opp. For those who prefer to bet on a sure thing, better to wait to see if 'cheap' gets cheaper.

Motto for Oct is 'better short than sorry.' Shorted IVGN 63 in AH on lowered earnings and guidance. Tried to short DECK but no shares left. Covered CREE 25.60-23.80. On the wl: CSTR, ZRAN, OPWV, ARBA.

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