*Sigh* The Market Continues to be Manipulated

Well... Reports surface that Apples new iPhone G3-S, pre-order units sold out! But as you know the market is down today. Dont get me wrong i totally want my bear position to get back in play...

I do foresee (like many others), that Apple will open up the iPhone to Verizon at the very least. They have the leverage to prove that the iPhone will retain customers. They can always threaten to remove the phone from any carrier if they dont comply in some way.

Apple also finally dropped prices across the board for their laptops. That gives you a HUGE indication of where they think this economy is going in the next few months/quarters. I hope they do the same for the desktops as well. (I want to buy my wife an iMac and hopefully a cheaper 24 inch will lead to covering the cost of VMware Fusion - *sigh* Windows still required)

Anyway, i have a sleeping put that will expire in July...hopefully it catches fire by then. It acts more as an insurance policy in that portfolio. I still have FAZ sitting around as well in another portfolio. So... thats it...

Europe awaits in about 3 weeks... so who cares what happens to the market while i am away...

MSFT... xBOX...PROJECT NATAL Impressive...

MSFT finally has something "Apple-ish".

They weren't the first to develop the "Minority Report-like" interface... But the demo was very impressive. Sony had something similar called "eye-toy". But several observers have mentioned that Natal is more comprehensive and incorporates voice command.

The fact is there was are still questions:
1) nothing about how much this upgrade or addition to an existing xBox will cost
2) the SDK is still in the works

However, MSFT was right to present this now... it doesn't seem like the Vaporware of the past. The thing is this Natal thing MUST be accurate for gameplay.

In the end, MSFT doesn't hold a patent on this, although they seem ahead of the competition, as was evident by their apparently surprising the rest of the gaming world. So, we shall see how quickly the competition moves to catch or surpass what MSFT is offering.

And the rumors of Apple releasing a gaming device? Sorry to disappoint, but I think it is basically the iPod touch. But knowing how Apple works it's R&D they too could blow us away soon at the WWDC next week.

S&P still on course to 1100.

Bears lie in wait... S&P continues toward 1100

Well, I have no position worth mentioning except my short position that awaits another crash. However, it seems as though this will not happen until the fall.

if it happens earlier... fine. If not, I am waiting with some cash sitting cautiously.