Custom Category Navigation

I was wondering if you could help me out with a quick line of code. I am trying to create a ESPN.com styled news slider that has different tabs. In each tab it’s supposed to pull posts from a specific category and display 5 of each. Is this the correct way to do it?

<?php query_posts('cat=35');
			if(have_posts()) : ?>
			<?php while(have_posts()) { the_post(); ?>
				<?php if($post_count >= 5)
					{break;}?>
				<div class="post"><a onmouseover="Tip('<?php echo nl2br($post->post_excerpt); ?>')" href="<?php if ($source != '') { echo $source; } else { the_permalink(); } ?>"><?php the_title(); ?></a> <small><?php the_date(); ?></small>
        		</div>
				<?php endwhile; ?>
				<?php } ?>