GOOG I-Watch

11/03/2005

Nov 3 - Smokin or just smoke?

Nov appears in full swing but doubts about this 'restrained rally' still linger among some. Meanwhile ABGX, PCLN, ONXX led the big gainers. SVNX getting volatile but could touch 7.

Increasing number of breakouts on the radar, but a good short is hard to resist. Holding short VICL 6. Unloaded ACTT .40-.45 today on declining vol. Shorted SINA 22.50 AH on missed earnings, lowered guidance. Expecting a dip to the low 20s.

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