Sold Expedia (EXPE) at 23.97. Established a short position in Broadcom (BRCM) at 52.65 in the Trading Portfolio.
Market sentiment is extremely bullish right now, and that is usually a sign that things will cool off. Remember that market sentiment is generally a contrarian indicator. The underlying logic is... when everyone is bullish, who else is left to buy? Likewise, when everyone is bearish, who has anything left to sell?
BRCM is one heck of a mover, so I will keep a close watch on it. If I need to I will cover for a minor loss quickly.
New on the Watch List: Suntech Power (STP) - A solar play for China.