Tuesday, January 10, 2006

Another Quick Update

I sold off the IAC Interactive (IACI) shares today in the 29.10's. I am growing a bit bearish given current market conditions. Feeling the pain on the Broadcom (BRCM) short. Still holding onto the short, for better or worse.

2 comments:

chococat said...

http://news.yahoo.com/s/usatoday/20060109/ts_usatoday/unhappinesshasriseninthepastdecade

link for you.

Spud said...

I unloaded IACI as well @ $29.70.

Argh BRCM is causing some serious pain. What do you know we short then Cramer rates it as a buy and now UBS gives it an upgrade. We shorted into some major strength. That stock’s been on an absolute tear. The news that IPOD holiday sales were better than expected surely did not help our cause.

AXE!

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