6/20/2005

This market continues to move up just a bit even in the face of higher oil prices, nothing seems to stop it. Today, I sold bebe for a -1.60/share, it hit my target of going below 26.5. Also, wanted to dump my qsii due to the high volume sell off. I don't like how this stock is moving and it is very volatile. Will watch what it does tomorrow and decide. The only thing saving my portfolio is the high oil price which is helping my vlo. On the other blogs, a few are watching len's number for tomorrow morning's play, I'm thinking of shorting it instead, because the majority of the earnings has already been baked into the high price. I will monitor what happens, and decide. This week there is aren't any solid economic numbers to move the market, the market will move only on the oil price and pre earning announcements.

Trades: sold bebe
Watch: positions
Current unrealized g/l:
sgtl -4.00/share
vlo +20.00/share
wtw -0.20share
qsii -1.45/share