11/11/2005

A decent follow through today, however, all the index are above their resistance. It will become choppy from here, will it go further? It will probably consolidate on Mon or Tuesday, it just needs time to breathe. Well today, sold vlo for +.85/share, tso for +.50/share, and apc for +.25/share. Apc pissed me off because it ran further up after the midday. It started out week in the morning and didn't follow the other gas, so I thought it will retreat further that was the reason to bail out early. The oil per barrel probably will test the 55 level now, since it hit below 57.50 intraday trading. So with that thought, I shorted sun at 73.36 at the end of the day.
Also, added to my short on rimm to a cost basis of 65.99. Will probably drop next week for the option expiration and the run has been excessive. Next week there are many economic numbers for the market to chew on: cpi, ppi, housing start, and option expiration.

Current unrealized g/l:
vrsn +1.20/share
rimm -.80/share
aapl -7.40/share
sun -.05/share