Friday, May 25, 2007

RL

RL daily looks long from here

flat

just covered all shorts, seems a complete waste of time today stuff is not trading that good to stick around

GS

Stuff is trading really thin - covered GS for measly 20c gain but its jumping around 15-20 up and down on 100sh prints - not worth the risk today

GS

GS is not rallying much with the futures, just shorted it at 126

DOW

shorted some DOW here, and some FORM - looking to short IBM hopefully near 105

CELG

going long some CELG 62.50 for bounce play - covered POT for even just not selling

PAYX

shorting some PAYX here

POT

shorted some POT here 199's - stop 201 area

ITG UPS

ITG looks short - UPS coming up long 71.04

CELG MNST

CELG might be long here, this is 3rd sell day after gap up, looking to try some for reversal - MNST looks long also on daily

MER GS

MER and GS looking short also

GILD

GILD coming up short on radar - might do some in a bit

BSC

BSC looking weak here, might consider a short on a bounce up

AM ideas

Not many ideas this am - its the friday before 3 day weekend so would be suprised at another big selloff - usually drift is up into these holidays. POT looking to short > 198, BIDU if it sells again, I am looking to buy 126.50-127 it should bounce decent from there.