11/10/2005

Huge rally today, but due to a Treasury auction?? It doesn't make sense to me at all. Will there be any follow through tomorrow? I don't think it so, all the index closed above some key technical ( 10600 dow, 1230 spx, and 2180 naz) already, so further movement requires major catalyst and not some silly auction. Today was another busy day for me, cover sun for +4.8/share after the gas inventory came out I was outta there. Then sold my rimm for +2.8/share, this one had leg at the end to closed even higher, if I would have waited would have gotten another 2 points. Since oil/barrel reached 57.50 intra day I started to gobble up some oil refineries and 1 gas company. Bought vlo at 95.86, tso 53.25, and apc 85.25, did not expected oil to slide further late in the day, but will buy tomorrow it it goes further. All these oil/gas are at pre-Katrina/Rita level, it is too great of an opportunity. Also, shorted rimm at 65.45, didn't see it run this high, but I believe the boost was due to the market and not any new news about the litigation. So tomorrow the oil/gas again.

Current unrealized g/l:
vrsn +1.50/share
rimm -.15/share
aapl -7/share
vlo -.50/share
tso -.04/share
apc -.65/share