10/20/2005

I guess the rally was a fake rally to draw more people in. Today was a very negative day for me, sold vlo for -4/share because I wanted to build up cash for any coming rally. Shorted xto at 39.90 because of the high gas inventory. Then I did something very stupid which was hold onto sndk and waiting for the earnings numbers. I should have taken my 4 dollar profit and leave, but just got too greedy for more, now I'm under -3/share. Hopefully it can pull back tomorrow so I can get out!! So definitely not a good day made too much basic costly mistakes.

Current unrealized g/l:
vrsn -0.60/share
sndk -4/share
dvn -5.3/share
aapl -2.30/share
xto +1/share

10/19/2005

Is this rally for real or what? I don't think so, so much negativity was built into the beige book report that once the news what out the short covering begin. The oil/natural gas rally also, which was weird because of the bearish inventory report. Since the oil/gas rallied I bought into vlo at 98.55. Tomorrow will be another day and will see if this rally hold up for option expiration on Friday. Sndk will be my watch tomorrow since it announces earnings, it will go down in ah or I'm out with my remaining shares short.

Current unrealized g/l:
vrsn -1.90/share
sndk +4.2/share
dvn -2.3/share
aapl -1.10/share
vlo +.50.share

10/18/2005

Wow this inflation scare is putting a damper on all the decent earnings numbers. Intc/yhoo announced ok numbers and are either down/mixed in after hour action. Well today, I took the opportunity to covered my short on apc for a -0.80/share, believe the oil/gas still have some leg to run further with the low supply. But, tomorrow we shall see how the energy sector reacts to the inventory number. Another sector that has been down significantly is the housing sector, I'll watch what happen to it since housing start numbers come out tomorrow. The market wants to run, but this inflation scare is killing it. I still have short position on aapl and sndk, I'll close out all these position by the end of the week or by month end. I'm sensing a big rally but just do not know when will happen, either next week or beginning of November.

Current unrealized g/l:
vrsn -2.50/share
sndk +2.5/share
dvn -3.7/share
aapl +.50/share

10/14/2005

A mixed day throughout then a late day rally at the end. But, will this hold up for next weeks avalanche of earnings? I shorted apc today at 88.11 and got burn, the oil/gas seems to be selling off again in the morning so I shorted to have them rally in the late afternoon. Oh well, at least it helped my dvn, but the morning selloff triggered me to sell my tso for +1.35/share. Apple was flat which is a good sign that the buying has been stabilized. Sndk rally for no news whatsoever, but will come down after earnings. So for next week, the ppi number , housing start, and two of my stock will announce earnings (vrsn and sndk). As for the oil/gas, I just down know what it will do, both of these sector can still consolidate a bit or rally hard with the general market.


Current unrealized g/l:
vrsn -2/share
sndk +1.30/share
dvn -0.80/share
aapl -1.40/share
apc -1.60/share

10/13/2005

Continues to selloff, even though it looks like a late day rally might come along, but the sellers took advantage of it to unload. Tomorrow is another big inflation number, and will this make everyone capitulate? Well at least the oil capitulate today and I bought tso at 54.25. The run up on apple made me short at 52.80, this stock was oversold yesterday and definitely overbought today. Everyone is banking on this video ipod, there are too much competitors out there making these portable video gadgets. Now if apple can come out with something besides another ipod with something then I can see it moving further up, but for me it is just a mid 40 stock.

Current unrealized g/l:
vrsn -3/share
sndk +3.90/share
dvn -2.40/share
aapl -1.10/share
tso +1.10/share

10/12/2005

The market is just so negative, no buyers out there at all. If this negative sentiment continues to build, it will follow by a huge rally. And this rally might commence next week, since the bulk of earnings come out it will be the fuel to rally this ship. I'm waiting for the capitulation, since I have about 71% of my portfoio is in hard cash ready to be deploy into action. Today daytraded apol for +.19/share, just disgusted at myself for taking it our too fast, but it did hit my stop limit then moved up higher. Sndk is finally started to look much better after the haircut, so I covered half my position for +3.55/share. Will cover the rest if it hits below 45 or when earings come out next Thurs. The oil/gas are being indecisive as which way to move, so tomorrow's inventory should push it one way or another and I'll be ready to long/short. Then Friday's cpi, retails sales, and prelim michigan sentiment should move the general market.

Current unrealized g/l:
vrsn -3.10/share
sndk +3.70/share
dvn +0.40/share

10/11/2005

Just when I thought the oil/gas will be trading lower the IEA numbers comes out to rally the market. Tomorrow another IEA short term projection number will also come out and Thursday will be the oil/ natural gas inventory numbers. Thes enumber will move the oil/gas sector again. Well at least I kept dvn and it is finally now up. Watched the after hour market action on apple, but didn't get to short it because it dropped so fast, by the time I saw it, it was near the bottom already. Will watch how aapl open and apol's earnings number tomorrow. No trades today, just watched all the oil/gas moved up. Also, sndk dropped in after hour in sympathy with appl.

Current unrealized g/l:
vrsn -2.45/share
sndk +1.70/share
dvn +1.40/share

10/10/2005

Just a slow holiday today, natural gas/oil sold off a bit, I guess the so call "smart money" are continuing to dumping it and getting ready for the earning season to start. Actually the bulk of the earning numbers doesn't start until next week, but this week I'll look at apol and apple. Apple I might short because of sgtl's equipment issue announced after hour might affect ipod shipping to Apple? And apol is at its yearly low, how low can it go? Today, sold chk -2.5/share do not have confident in this stock anymore, will buy it it goes below 30. Xto hit my stop limit for +.31/share gain, and sold tso -0.85/share ( these refineries continue to revalue itself). Tomorrow I'll just watch how the oil/natural gas trade and will day trade them.


Current unrealized g/l:
vrsn -2.65/share
sndk +.70/share
dvn -1/share

10/7/2005

Well a whole lotta of nothing today in the market. For the week, the market is severely beaten but my portfolio was positive. So not a bad week for myself. Today's rally on the energy sector gave me the opportunity to get out of chk, thus sold half of chk for -1.50/share, added to my short position on sndk (cost basis is now 51.75). Sndk will come down next week heading into their earnings announcement. It is too high and there is nothing else to push it higher, if it goes to 55, I'll be ready to short more. Thank the oil/gas market to rebound a bit, but I'm kind of worry will it hold up for next week. Next week should be the beginning of earnings season and so far the ones that have come out are mixed.

Current unrealized g/l:
vrsn -2.65/share
sndk -1/share
chk -1.50/share
xto +1.10/share
dvn +0.50/share
tso +0.50/share

10/6/2005

Mr. Fisher Prez of the Dallas Fed. Reserve, thank you for giving the market an early Halloween. Again you have spooked us in selling, but not for me I'm buying a bit here and there. Today, sold sbux for +1.35/share ( just wanted out because discretionary stock will get hit if recession hits), sold apc for +.40/share a quick in and out , wanted to go back in at 86 but was not filled, thus replaced it with xto at 40.40, and finally added some more share to dvn for a cost basis of 63. The oil/natural gas continue to selloff but the selling should be near. The market is just trying to priced these commodity related stock, if it goes down further tomorrow, I'll continue to nibble at it. Even though all my holding are under water right now, I believe this is just the fear that has set in and it is a buying opportunity on the oil/natural gas.


Current unrealized g/l:
vrsn -2.40/share
sndk -0.90/share
chk -3/share
xto -.10/share
dvn -1.20/share
tso -2.30/share

10/5/2005

Wow what a day off shopping for me. Just started to nibble on a bunch of natural gas companies and 1 refinery. It was a great opportunity with this inflation scare. Today's buys are chk at 35.40, apc at 88.52, dvn at 63.5, and tso at 60.85. All of these at pre-Rita price, if it heads to pre-Katrina price I'll buy again. Tomorrow will just watch what this nervous market will do with all the retailers announcing their sales number. Also waiting on Friday's job number which, I don't think it will be any affect on the market.

Current unrealized g/l:
vrsn -2.10/share
sbux +1.30/share
sndk -0.90/share
chk -.10/share
apc -.20/share
dvn -.30/share
tso +.40/share

10/04/2005

A decent Tuesday with modest volume and a whole bunch of seller. It was due to a comment by one of the Fed member and the inflation word was spoken. The big "I" scared everyone and thus the selloff. Took the opportunity to cover all my refineries +0.40/share for sun and +0.60/share for vlo. Will either short or long again tomorrow base on the oil inventory numbers. Also, shorted sndk at 51.12, just very overbought on just a new product announcement. This one will definitely go down tomorrow, just a bunch of retailers pumping this stock. Sold my remaining rimm for +12/share will buy back in if it hits 63. The mood in the market is that there are just no buyers and the inflation fear due to high energy price is spooking everyone.

Current unrealized g/l:
vrsn -1.60/share
sbux +.30/share
sndk -1.10/share

10/3/2005

A slow Monday since it is the beginning of Rosh Hashanah. Mixed market, even in the face of higher ism numbers. Well I just don't know why all the refineries are up today even though oil price was down. Do not like how it acted, but at least it was with low volume. Speculators are banking on the inventory numbers on Wed will be horrible which I disagreed with. We will just have to wait and see. Basically nothing today, I'm also waiting for the oil numbers and any earning pre announcements.

Current unrealized g/l:
vrsn -0.60/share
sbux +.20/share
sun -1.46/share
vlo -3/share
rimm +10/share

10/01/2005

A decent ending for me in September for myself and the market. Next week should be big with the oil inventory numbers because these set of numbers factor in Rita. I think when the numbers come out, there will be a selloff on the oil to the $60 market. Also, the job number on Friday and several companies will start to pre announce their numbers in the coming days.

Current unrealized g/l:
vrsn -1.10/share
sbux -.25/share
sun -0.60/share
vlo -0.20/share
rimm +10/share