12/14/2005

A decent rally today for the dow, but the naz just didn't move with apple's downgrade. The oil number once again shows a build in oil, gasoline and just a bit reduction on distillate. However, the oil/ gas continue to run up. I'm frustrated with the movement in the oil sector with these continuing build on the inventory number. Yes, we have a few storm this week and maybe next week, but the inventory is still way above last year's level. I will not cover the shorts until I see a draw down on the inventory number and that has not happen for the past 3 weeks. Tomorrow's cpi and natural gas numbers should rock the market.



Longs Current unrealized g/l:
vrsn +.60/share
ice -1.20/share
sndk +1.35/share

Shorts Current unrealized g/l:
vlo -6.7/share
sun -1.65/share