11/21/2005

Decent Monday rally. The bulls are still in control, but it gets more and more tighter to move higher. This week should be slow due to the holiday. The day I will look for is Wednesday's oil and gas inventory, but I'm not sure will the volume be there. This week's inventory should be a draw down on all three ( oil,gasoline, and distillate) due to the low gas more people are just driving like crazy. Natural gas should be a bit lower due to the first strong cold front last week.
On Friday, I bought apc on the cold front run at 87.89. The oil should come down a bit to 55 before I start to buy it. Bought sndk at 50.08, a bit high ,but the sell off on the intel-micron news is a bit too much. Will add to my position if it dips below 45. Finally got rid of my last short of wfmi for a +.10/share, this market is making all the shorts very nervous.

Longs Current unrealized g/l:
vrsn +.30/share
ice -2.10/share
sndk -3.10/share
apc +2.30/share