Wednesday, October 05, 2005

Stock Journal 10/5/2005

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

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