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