12/1/2005

First day of the month and it was spectacular. Even my Ice rally huge, but my vrsn was down for no news. So this is what I did once the natural gas came out lower as expected. I shorted vlo at 99.50 and it ran further at the end, but I'll short more tomorrow if it moves up. The oil price ran up too high for a coming cold front, but we had a large build on distillate on Wed. this should satisfy the Northeast for this week. Wanted to short the natural gas but will wait a few more day to see what happens to the momentum. Natural gas is fairly valued right now going into the winter, any further move and a warm front I'll short. Added more to my position on sndk, cost basis is now 49.72. No news whatsoever and it tanks, just doesn't make any sense. Job number tomorrow, has the market factor the number in or will it boost the dow to 11K? The dow will reach 11k this year, but where would it move to next year?

Longs Current unrealized g/l:
vrsn -.0/share
ice -1.20/share
sndk -.40/share

Shorts Current unrealized g/l:
vlo -1.50/share
+0/share