8/30/2005

Very bearish today due to the oil run up. But, I think this will fade once the inventory and more news on the rigs and refinery conditions become clear. Also, if the situation is very gloom, Georgie may tap the SPR. With this reasoning I shorted a small bit of sun at 68.65 and vlo at 96.51. Will short more if it rallies further. These oils stocks are getting very over value due to small amount of news here and there. Also, double down on sbux because there is speculation that their coffees are stored in New Orleans and may hamper deliver. Just speculation and why would starbuck put all their eggs in one basket. Tomorrow, will continue to monitor the oil inventory and gdp number, which is all old news because the hurricane changes everything.

Current unrealized g/l:
vrsn -0.65/share
kmx -.24/share
sbux -1.68/share
tol -0.94/share
sun -.10/share
vlo -0.28/share