GOOG I-Watch

10/31/2005

Oct 31 - Dab of orange & black for the tape

A choppy day with meager gains in most sectors. Got suckered into SNTO on a possible run on its tiny float, barely got out with a profit. Money just wasn't committed, and the Dow's 40-pt slide at close was a fitting end to the Oct freak show. Concerns by a spooked fund manager and some concerns the tape painting by funds will continue into Nov and Dec could mean the shenanigans have just started.

Shorted NTE 22 anticipating fallout from today's disappointing guidance, only to watch in horror as a bizarre gap-up reversal put the position under water. It's Halloween.