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