11/28/2005

Finally a pull back after several days of run up. The thing now is will the sentiment change, since we didn't hit the dow 11,000 or is this just a resting period before further advancement? Today since the oil/gas sold off, I covered dvn for +3/share. Throughout the day I wanted to buy back in all the natural gas because it has gotten fairy value now. Sold half my position of sndk for +2/share, will dump the rest at 54. Tomorrow, I'll continue to watch the oil/gas for long opportunities. The inventory I suspect will be a drawdown due to the low oil price several people took the opportunity to drive instead of flying. Also, the cold front last week should draw down the natural gas numbers coming out on Thursday. Also on Thurs. I'll watch the retailers for short opportunities( bby, amzn, and anf ).

Longs Current unrealized g/l:
vrsn -.60/share
ice -3/share
sndk +2/share

Shorts Current unrealized g/l:
+0/share
+0/share