11/15/2005

Another lackluster day, with just a bit of profit taking in the afternoon. This bull market is still very strong and getting stronger. But somehow, I'm continuing to short a few securities. Initiate a short on wfmi, as stated yesterday this stock I've been watching just closed the gap today and backoff. Which is a good sign, that the strength is almost gone, so I shorted at 143.89 in the morning hours. Will probably come down tomorrow. Cover half my aapl for -8/share, the market continues to push this baby higher and I had enough of it. In the after hour, bought bcsi at 40.25 for a bounce tomorrow. This stock announced earnings in the ah and it was ok, but the guidance was weak. Down over 15% is not justifiable in a bull market, will sell at 41.50. Oil and the cpi for tomorrow, inventory should be a huge build all around, if not that will send the oils up and the market down. So there shouldn't be any surprise to rally the market except for cpi.

Longs Current unrealized g/l:
vrsn +0.40/share
bcsi -0.75/share

Shorts Current unrealized g/l:
rimm -1.50/share
aapl -8/share
sun +.30/share
wfmi -0.60/share