Market

I am out to play golf now but as for market, I will remain net short. I believe we will revisit 925 or 900 on S&P, so I am positioning for it. As for stocks, I will hold out AMD and may buy boatloads more, just to cost avg out quickly and call it quits. In truth, the company is absolute dog s*it...the loss is terrible; however, I am betting semis will do some serious "work" in the latter part of the year, with channel inventory restocking and the chance that AAPL will replace Nvida chips with AMD chips. As for the conf call, the word miserable is a understatement. As for portfolio, I deployed about 50% of my cash yesterday, so have 20% cash, 40% short, 40% long; however, with the leverage implied in the ultrashort etfs, my short expsoure is close to 80%. We will see if my market thesis comes true....until then, go to your local best buy and buy some AMD to get this crap company out of the gutter.