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