9/19/2005

The oil monster is coming back with vengeance, thus for the down market. This took me out of surprise, I didn't think Rita would start to affect us until Wed, after the fed's meeting. So, basically it forced me to covered my shorts on tso for a -6/share and covered half of vlo for -12/share. Either way if it pulls back tomorrow I'll cover the rest and go long. I'm starting to believe Rita will head straight to the Gulf of Mexico's and stir up trouble again. Another thing I saw are the retailers, wow they are getting very cheap, bby, anf, bebe ( these are all great companies but with high oil it is getting a beating). Will just watch my oils and the fed tomorrow.


Current unrealized g/l:
vrsn -.65/share
sbux -3.75/share
sun -5/share
vlo -12.5/share