11/9/2005

Another quiet mixed day today in the market. The market is reacting to just anything that will help it move up or down. For example, this morning's run was due to the oil executive's testimony and the afternoon meltdown was due to the Jordan issues. Nothing that usually affect the market is affecting the market. There are no substantial cats to move it up/down. So with that said, this is just a trading market until we can get some footing. Today, sold pixar as stated yesterday at 55 for +1.33/share, which it ran further up to close at 56.59. Well didn't know it had that much further to run, but will short it if it moves above 58. Covered sun for +1.13/share , then as it moved up after the inventory number I shorted it at 75.70, near the high of the day, lucky me. The oil stock should continue to decline, I won't buy until a barrel of oil hits below 57.50. Bought rimm, due to the court not given it a stay, so the only way is a settlement. Bought at 61.20, if it drops below 60, I'll double up, because it will go up once the settlement is announced. Lastly, covered sndk for +6/share, I'm done shorting this stock, it is very volatile it can move up and down in a few days, just got lucky shorting at the top. In the after hour, watched wfmi and wanted to short it, but my target was not hit. So that is all my trades for today. Tomorrow will watch rimm, wfmi, and all the oil/gas.

Current unrealized g/l:
vrsn +1.60/share
rimm +0.10/share
sun +2/share
aapl -6/share