SOLD SOME, BOUGHT SOME

I made some changes in the portfolio today. I see my old stocks trading sideways so I am getting out of those and getting into those stocks that I see are going to make a run. Hope the markets just hold out.

Here is my trading diary
Buy HOLX at $54.04 on 2/13/2007
Sold HOLX at $56.32 on 5/16/2007
4.2% profit
(Reason for selling - broke 50 day Moving average and also sold to buy RIMM)

Sold to Open June 55 call for $5.80
Buy to Close June 55 call for $3.00
48% profit

Bought TAM @ $27.46 on 5/10/2007
Sold TAM @ $28.96 on 5/16/2007
5.4% profit in 6 days.
(Sold it to buy RIMM)

Bought RIMM @ $149.50 on 5/16/07
(Reason - Broke 52 week high at $148.95 so that is nearing the top of a Darvas box and that is seen as support. Higher trading volume and positive EPS also helped.)

Just some quick notes.
CRM is a buy if and when it breaks above $46.18.
GOOG - A strong move today so this is one to keep an eye on for the next few days.
IFOX breaks above $17.14, it's a buy in my category.
COMV - If you enjoy IPOs, check this one out. Today it passed old resistance.

Just to be a contrarian. I am nervous about this big upswing that has occurred after the February downfall. I wouldn't be surprised if the market takes a down turn for a little while since the Dow Jones is at an all time high.

GOOD LUCK.
JD