9/28/2005

Well the oil shortage panic is upon all the traders again and caused the morning rally to subside. I've continued to short the refineries, and just getting kill on it. The oil bug is also killing my discretionary spending stocks. Still believe this high oil level will stabilize to the upper 50's level. All eyes will be on next week's oil inventory number, because it factors in Rita. I still think there is a build on gasoline and distillate and a short fall on oil.


Current unrealized g/l:
vrsn -1.60/share
sbux -2/share
tso -1.25/share
vlo -3/share
rimm +4.5/share