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