GOOG I-Watch

11/04/2005

Nov 4 - Flat Friday

Low floaters SVNX and ZVXI carry another day, joined by SANM and NYNY which surged on news. But fewer tradeable moves in an overall flat day. PWEI and EXPE gapped up but slid, FARO gapped down but bounced.

Shorted SINA too low but still amazed it held above 23 so well. Lesson here is that commie stocks defy market principles. Covered at 24, worst trade in 2 months. Still short VICL 6. Long ZVXI 11 and NYNY 7 for cont'd momo, MFLX 32 on Friday's impressive earnings.

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