GOOG and CNTF

Well, I am pleased to say that the last few days have been going well for me in the contest. I am up to over 9% total gains after starting the week barely over 6%. My few latest trades have been with shorting stocks.

The stock that I have been watching for a while now, and finally got a chance to make some money with is GOOG. This stock never ceases to amaze me. It is highly popular, and therefore has potential for some interesting movements. This is just an assumption, but if I was a new investor, I bet I would consider buying GOOG right now. Reason being that it is very popular right now, and I think that this is making a lot of people jump into this stock and push it up. Remember, this stock was at about $300 a little more than a month ago; right now it is trading at over $400. I am not saying that these types of gains are impossible to hold, I am just saying that the are something that I take notice of. Anyhow, I noticed that this stock was beginning to fall slightly yesterday, and decided to jump in on the action. I shorted 250 at $411.82 and then got out this morning at $407.09. The reason being is I had a sell stop set at $407, and the stock triggered this before falling. I am still watching this one though.

Another stock that I am keeping my eye on right now is CNTF. This stock has made some impressive gains as of late, and I am expecting it to fall sometime here. As always, time will tell. If I do begin to see a reversal, look for a short from me on this one.

Good Luck With Everything!

Mark Zimmer