Long MSFT calls: it held right at support level @24 and both BB and stochastic at extremes after a week of selling fuled by rumor of insider selling – it turned out that Steve Ballmer sold 39 million shares.
Long LOW, IBM and CSCO calls: expecting bounce from recent drops.
HPQ earning should lead market higher tomorrow. HD jumped about 9% contrasted to LOW’s 9% drop yesterday! Little changed on all indexes.
Closed all shorts on LOW, SOHU, CSCO and IBM.
401(k) is 100% in cash now.
DOW dropped 185.58 to 8493.39 below 8500. NASDAQ closed @ 1492.77 below 1500 and Russel 2000 closed @ 408.32.
LOW dropped almost 9% due to lower than forcasted revenue. The short position opened Friday went up more than 130%!
SOHU closed with bearish harami candle posing to reverse at almost twice of average volume.
MSFT broke down the trading range and support level is @24. The long position will be opened @24 level.
Support level IBM @ 85 and CSCO @ 15.5.
OAKMX and LSCRX: the remaining positions will be closed tomorrow.
DOW closed @ 8,678.97. It’s still in the uptrend, but it seems stalled a little bit. Russel 2000 dropped to 414.69. NASDAQ closed @ 1,538.53. If it’s not topped, it’s close.
OAKMX: sold half of remaining position.
LSCRX: sold half of remaining position.
Bought puts on IBM, CSCO, SUNW, SOHU and LOW.
Microsoft has published a suite of design patterns using .NET. Not surprisingly, you can find striking similarities with the design patterns published by Sun Microsystems for the J2EE platform. Here’s the link for Patterns & Practices .
It’s definitely a good resource for architecting any solutions.
For discussion on patterns, visit this Patterns Community.
By the way, Mono project team has released Mono 0.24, which implements .NET on Linux.