5/16/2005

Even though the market rally today, I'm still not convince of a reversal. I still feel the market is slightly negative. But with cpi and ppi coming out this will be the fuels to the fire. Today, I add to my position on vlo to a cost basis of 61.13, still believe these energy stocks are at the cheap now. Since the summer driving season is coming in two weeks we should see oil back to the 50's. Also just watched rimm, bounced around and test it's support and resistance. Tomorrow since there aren't anything in the after hour will just watch my positions.

Trades: add to position on vlo
Watch: positions
Current unrealized g/l:
aapl -4.75/share
sgtl -2/share
mfe -.40/share
vlo -.50/share