5/19/2005

Back to back positive day where all my indicators were up. It seems as though we are getting some traction here. Tomorrow will probably be a volatile day with option expiration. Today sold a quarter position of my vlo for +4/share, will hold the remaining quarter positions. It might go up another 2 dollar to 68, where I'll unload the rest and start building my short. Went long on petm at 31.5, looks like it has momentum to run for a point. Sold osip for +.30/share, it was acting weak even though all the other biotechs were up, thus took a measly profit. Add to my short on rimm to a cost basis of 74.91, this stock is very over bought. No news whatsoever and it moves about 10% in 3 days, just amazing. Getting very inpatient on my sgtl, just have to be calm and wait it out. Nothing for tomorrow, but I'm guessing everyone is having a fantastic week, and there might be some profit taking.

Trades: sold short rimm, sold quarter position on vlo, sold osip, long petm
Watch: positions
Current unrealized g/l:
aapl -3.5/share
sgtl -2.25/share
plab -.43/share
vlo +4.00/share
rimm -2.44/share
petm +0.48/share