6/21/2005

Another slow day in the market. It has been 2 straight slightly bearish day for the market. I'm guessing this week will be quiet until next weeks fomc meetings. But anything can happen with pre earnings announcement. Today, started out watching len, very erratic in the first half which made me uneasy about placing a short trade. At the end just stayed out of it and played it safe. Sold all of qsii for -2.20/share, this stock just wants to head lower. Now I only have 3 positions, will probably unload the rest of my vlo, depending on the oil inventory on tomorrow and if it runs up further. I'll just take a huge profit and be happy with it. Tomorrow , I'll watch jbl ( had great earnings and guide ok)


Trades: sold qsii
Watch: positions
Current unrealized g/l:
sgtl -4.40/share
vlo +18.00/share
wtw -0.60share