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