11/22/2005

Another decent late day rally. In anticipation the oil/gas inventory number, I shorted dvn at 62.35 and br at 74.03, all of these at the close of the day. The reasoning is the low volume, the high runup the past few days, and it looks like an evening star is emerging on the candlestick charts. Today, sold apc for +3.30/share and added more to ice for a cost of 37.20. The bulls continue to move it higher and higher all the way to Christmas? Maybe, maybe not.

Longs Current unrealized g/l:
vrsn +.10/share
ice -2.20/share
sndk -0.50/share

Shorts Current unrealized g/l:
br +0.00/share
dvn +0/share