11/17/2005

Rally today, but on the behalf of oil going down. Anyway this market will continue to move higher next week, after tomorrow's option expiration. I heard one of the talking head stated that this option expiration is the first in 5 year with the index moving upward. The big boys still have alot of money on the side ( according to ici about 1.997trillion in money market fund, the highest in 4 week) and they need to deploy it. With the pending to the moon move, I cleared most of my shorts today. Covered aapl for -10/share, br +0.05/share, and dvn +0.50/share. I covered the natural gas after the tepid inventory number. I expected a bit more then 52mbtu, but will watch again tomorrow to go long. Believe the oils will come down, the natural gas will go much higher because of this first cold front is a psychological factor. ICE dropped in the late afternoon probably in sympathy with the oil/gas dropping, so I added more to my position. Tomorrow, will just sit and watch because of option expiration.



Longs Current unrealized g/l:
vrsn +.10/share
ice -2.8/share

Shorts Current unrealized g/l:
wfmi -1.00/share