friday

not much movement in the market at all this week..10 point range in the sp500 for the week,22 in the nazz.....I added postions in matix servies, monolithic systems and concord camera on weakness during the week.the much vaunted Ivan didnt wreck the refineries but did bring many off line, perhaps allowing matrix to accelerate their earnings turnaround as long delayed maintenance is contracted,,,also in line for wok on lng's natural gas plant..trading below book the shares seem to offer outstanding value and the potential to work back towards 10 during the year..the stock jumped some 21% on monday but has drifted back about 40 cents since.gets back down to 5 and I ll buy more... MOSY a broken deal from earlier this year...in the wake of the failed takeover they collected a 10mm breakup fee and are refocusing on the basic semconductor cap equipment business...watching capa very closely,,,showed up in the tiget tech fund as a large postion..primarily in document delivery for mid sized comapnies, a sparkling balance sheet and some very smart folks in the stock..trades slightly above book and almost half the share price in cash..free cash flow positive....they also have 11 million left on their buyback after buying in 3. 9 million last qtr...some insider buying as well.... semiconductors very choppy on the week,closing down slightly versus last friday but their were strong day to day moves all week..atml is even on the week but cnxt was up almost 5%..kkd was up on the week for the first time since august..just 1.2% but we ll take what we can get in this one...its turned out to the dog of the year and a lesson in not violating basic principles..theres no way I should have been in this stock until it got into low teens...having said that the recovery potential is strong enough to hold for now..the stock could get back into the high teens by year end giving as nice return from the current level...mea culpa, mea dumbass for reversing the short so soon..pby,ttn and kg continue to jus muddle along at current price levels with no real action either side....pcr. and fcfco continue to creep higher....the market has run about 5% since mid august and looks a little tired here...the 1140-1150 area looks like it may present a challenge..of course this comes with the cavaet that I dont know shit about market timing....

rain is forecast for much of the wekend here but a full schedule of football and of course the first of the final 10 race for the chase shall occupy my time , along with a huge stack of books rescued from the librarys discard sale table and a couple of interesting research projects...