Friday, February 9, 2007

CMCSA and ADBE

Sold another 1/3 of my CMCSA simply because it cant hold any rallies.

Bought the ADBE I sold earlier this morning and bought more back at 38.02...that one can't seem to stay under 38 as buyers appear on every dip. Having said that, sellers appear on any rally, so this one will get sold if we take out 38 in a decisive manner. This one is a classic for me. I am so married to this stock going up, that I am constantly trying to buy it lower. So far, that has not worked for a week. Sometimes, we need to stand aside and wait, but alas, none of us are perfect. I tend to like to do this when something bounces repeatedly off of a level, but cant punch through. That is what the adobe trade is. Time will tell if I am right, or simply married to my view.

Added to my SHLD position on the drop and that has worked well. FIG is now trading. Priced at 18.50 and opened in the 30's.

Will buy LVLT if it gets back under 6.20. Also sold the MRVL I bought earlier this week.
Sold my AUY, all of it and will look to re-enter on a pullback. Dollar strength pushed me over the edge here. So far, I am wrong on that one, but the day is still young.

YHOO closed above 30, but failed to hold today. That one should be watched closely. Another close above 30 will embolden the bulls. Right now, sitting on my leaps and content to watch this one play out.

UPS rallying nicely off of the news yesterday

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