12/16/2005

Another great day for myself. The oil finally reverse, the gods are being too kind to me today. First, I unloaded all my sun for +2/share and didn't touch any of my vlo shorts. The oils should continue to come down because of high inventory numbers. Sold the rest of sndk for +9/share, it has reached overbought levels to me. Started to nibble on the natural gas since it has come down: long on dvn at 64.10 and apc at 95.70 and will continue to buy more if it goes down on Monday. Natural gas is what I'll concentrate on heading into the winter. Three weeks of consecutive drawdown have shown me that demand is very strong. Next week there is the ppi and the final gdp number for the 3q, so it should spark the rally. Also, the rally should either move next week or not at all because the following week everyone will be square away for the new year.

Longs Current unrealized g/l:
vrsn +.30/share
ice -2.20/share
dvn 0/share
apc 0/share

Shorts Current unrealized g/l:
vlo -0.60/share