Monday, August 29, 2005

8/29/2005

A decent rally today , however, on not that spectacular volume. Added more shares to my vrsn ( cost 22.45), it looks like it has bottom. Kind of watch the news all day on the hurricane and the impact of oil on everyone. Thinking the oil inventory condition is ok and their will be a selloff on oils either tomorrow pr maybe wednesday after the inventory number. Do not think the hurricane had too much impact on the oil refineries and exploration. A 1 or 2 day delay, but everything should be up and running, just over speculation and hype. So it should be a good short on the refineries tso and vlo.
Will see how it pans out before placing the position.

Current unrealized g/l:
vrsn -0.89/share
kmx +.07/share
sbux -2.80/share
tol -1.10/share

0 Comments:

Post a Comment

<< Home

Blog Buddies