Added MPWR to the portfolio today.

In the meantime, a couple of positions look to be in trouble, namely IDIX and FOXH.

NRMX and NURO continue to do well.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+22%), CBG(+25%), CONN(+61%), FOXH(+35%), HEP(+14%), IDIX(+6%), MPWR(+0) , NRMX(+19%), NURO(+173%), PRPX(+44%), RTSX(+51%), TRW(+18%), WSSI(+18%)

Nasdaq remains in a confirmed uptrend. I will be adding a new position on Monday and will post when that is done.

In the meantime, a couple of positions look to be in trouble, namely IDIX and FOXH.

NRMX and NURO continue to do well.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+22%), CBG(+20%), CONN(+58%), FOXH(+39%), HEP(+14%), IDIX(+6%), NRMX(+14%), NURO(+167%), PRPX(+44%), RTSX(+51%), TRW(+17%), WSSI(+16%)

INDICES
Well a definite change in tone today. Follow-through on the NASDAQ and reversal on the NYA. NASDAQ NYA

HIGHLIGHTS
None

LOWLIGHTS
NONE

NOTES
Looking for new entries on the long side.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+33%), CBG(+17%), CONN(+53%), FOXH(+33%), HEP(+14%), IDIX(+18%), NRMX(+6%), NURO(+145%), PRPX(+48%), RTSX(+53%), TRW(+15%), WSSI(+15%)

INDICES
Back to the same old story. NASDAQ down in higher volume, finding resistance at the 200 dma. NYA even worse, closing down more than 1% on higher volume, and breaking down below the 200dma to boot. NASDAQ NYA

HIGHLIGHTS
NRMX- up 4% on higher volume.

LOWLIGHTS
NURO- down 3% on lower volume.
CBG- down 3% on higher volume, closing below the 50dma.
TRW- down 8% on higher volume.


NOTES
The current rally attempt is in serious trouble to say the least.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+30%), CBG(+19%), CONN(+51%), FOXH(+32%), HEP(+14%), IDIX(+18%), NRMX(+4%), NURO(+149%), PRPX(+46%), RTSX(+52%), TRW(+14%), WSSI(+15%)

INDICES
NASDAQ and NYA continue their bounce in lower volume. How much longer will it last?NASDAQ NYA

HIGHLIGHTS
NURO- up 4% in lower volume for a new high.
ACAD- up 3% on new analyst coverage.
FOXH- up 5% on higher volume.

LOWLIGHTS
NONE

NOTES
For now its just a low volume bounce. We'll see how it develops. This was day 3 of a new rally attempt on the NASDAQ. Will continue watching to see if we can get a follow through in the next 4 days.

CURRENT HOLDINGS (longs)
ACAD(+33%), CBG(+23%), CONN(+50%), FOXH(+32%), HEP(+15%), IDIX(+20%), NRMX(-1%), NURO(+158%), PRPX(+45%), RTSX(+52%), TRW(+24%), WSSI(+15%)

INDICES
NASDAQ and NYA continue their bounce in lower volume. How much longer will it last?NASDAQ NYA

HIGHLIGHTS
NURO- up 5% in higher volume, hitting an all time high.
FOXH- up 4% on lower volume.
IDIX- up 3% on lower volume.
FOXH- up 6% on higher volume, reclaiming 50dma.

LOWLIGHTS
NONE

NOTES
For now its just a low volume bounce. We'll see how it develops.

CURRENT HOLDINGS (longs)
ACAD(+28%), CBG(+24%), CONN(+49%), FOXH(+25%), HEP(+14%), IDIX(+22%), NRMX(-1%), NURO(+148%), PRPX(+48%), RTSX(+48%), TRW(+22%), WSSI(+16%)

INDICES
Nasdaq reverses higher in lower volume. NYA while down in lower volume, found support at the 200 dma. NASDAQ NYA

HIGHLIGHTS
IDIX- up 3% in lower volume.

LOWLIGHTS
RTSX- up 3% on lower volume, reclaiming the 50dma.

NOTES
Not a great day by any means, but the best one we've seen in a while. Counts as the first up day on the nasdaq, looking for a follow through on day 4-7.

CURRENT HOLDINGS (longs)
ACAD(+28%), CBG(21%), CONN(50%), FOXH(20%), HEP(+14%), IDIX(+18%), NRMX(-2%), NURO(+135%), PRPX(+46%), RTSX(+45%), TRW(+20%), WSSI(+9%)

INDICES
NASDAQ and NYA down in higher volume. Ugliness continues. NASDAQ NYA

HIGHLIGHTS
ACAD- up 7% in higher volume, finding support at 50 dma.

LOWLIGHTS
NURO- down 5% in higher volume.
FOXH- down 5% in higher volume.
IDIX- down 6% in higher volume.
WSSI- down 3%.

NOTES
Market is no fun right now for longs.

CURRENT HOLDINGS (longs)
ACAD(+27%), CBG(21%), CONN(49%), FOXH(21%), HEP(+14%), IDIX(+13%), NRMX(0%), NURO(+128%), PRPX(+49%), RTSX(+49%), TRW(+20%), WSSI(+9%)

INDICES
NASDAQ down in lower, NYA down in higher volume. NASDAQ NYA

HIGHLIGHTS
NONE

LOWLIGHTS
PRPX- down 5% on higher volume.
RTSX- down 3% on higher volume.
TRW- down 3% on higher volume.
NRMX- down 3% on lower volume.

NOTES
Market is no fun right now for longs.

CURRENT HOLDINGS (longs)
ACAD(+26%), CBG(21%), CONN(49%), FOXH(32%), HEP(+17%), IDIX(+29%), NRMX(-2%), NURO(+128%), PRPX(+52%), RTSX(+48%), TRW(+18%), WSSI(+16%)

INDICES
What a lousy week. Indices gain a little on much smaller volume. NASDAQ NYA

HIGHLIGHTS
NURO- up 3% in lower volume.
NRMX- up 3% in higher volume.

LOWLIGHTS
NONE

NOTES
Sold HOS(+102%) yesterday, MNTA(+177%), WRES (-14%) and VCC (-7%) today. Playing defense with the market in its current condition.

CURRENT HOLDINGS (longs)
ACAD(+26%), CBG(21%), CONN(53%), FOXH(35%), HEP(+15%), IDIX(+29%), NRMX(+1%), NURO(+123%), PRPX(+60%), RTSX(+54%), TRW(+23%), WSSI(+15%)

INDICES
Basically a repeat of yesterday, only worse. While the Nasdaq is still technically in a rally, it sure doesn't look good. And the NYA closed below the 50dma. NASDAQ NYA

HIGHLIGHTS
For the second straight day -- NONE!

LOWLIGHTS
HOS- Down 6% in higher volume closing below the 50dma. About time to say sayonara to this one.
PRPX - Down in lower volume. Finding support above the 50dma.
RTSX - Dropping 3% in higher volume.
NURO - Down 3% in higher volume. Finding support above the 50dma.
WSSI - down 3% closing below the 50dma.
WRES- down 5% in lower volume. What a disastrous purchase this was for me.

NOTES
No way to sugar coat this one. It looks bad right now.

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NRMX, NURO, PRPX, RTSX, TRW, VCC, WRES, WSSI

INDICES
Bad day on both indices. Both down on much higher volume. Nasdaq closing below 50 dma. YUCK. NASDAQ NYA

HIGHLIGHTS
NONE!

LOWLIGHTS
HOS- down 3% in big volume
FOXH- down 4%
WRES- down 8% in higher volume.

NOTES
My account got clipped today. Looks like this rally is in trouble. YIKES.

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NRMX, NURO, PRPX, RTSX, TRW, VCC, WRES, WSSI