Market Wrapup

Sorry for the delay.

As for the day, my portfolio was about breakeven but nothing special. Had some good gains in ENTR and KEY but AMD and MWA killed me. I am loosing my patience in AMD but am stuck because I don't want to sell it at a loss. I sold my POT today for a $15 loss because I am not trying to catch a falling knife. As for my RIMM play, I added 10 more shares in AH to reduce my cost average to $76. I plan on holding and will analyze the detail further but if RIMM reverses and heads higher tomorrow, the market will RIP higher. I added to my banks via BAC and will look to buy some PNC on dips. I also added to EXM, which is poised to rip in time. I will buy more as it drops down. FTK is acting pathetic once again; however, if oil starts pressing, higher it will go. CHU is another firm I am looking at and may have a partial fill on (i gotta check). This is a chinese telecom that will benefit via the 3G WCDMA technology and it has the rights to the iPhone.

I am hoping we can get a bounce of some of my dead stocks will rise, so i can kick them and refocus my strategy for better things. I knew last week I should have taken more profits but oh well, I made my bed, so I will lay.

Lastly, I will tell you about a cool thing I doing, called the "vacation pot"

I bought 5 stocks and will hold for 3 weeks. I put $1k in each and the returns will provide me vacation spending money. If I fail to make returns, I am will go on vacation poor and broke.

Here are the bets:

$1k in UA at $21.55
$1k in EXM at $7.85
$1k in DAL at $5.98
$1k in BAC at $12.85
$1k short the IWM at $51

we shall see if I have spending money!