12/2/2005

An ok day today, the market pulled back a bit to finished out a good week. Wow the natural gas ran up because of this coming cold front and the drawdown on yesterday's inventory numbers. But and a big but, why did the oil moved up this high? The inventory on Wed. showed we have more distillate this past week then last year, so what gives? Because of this panic buying, I shorted sun at 82.20 and wanted to add more to my short on vlo. I'll hold off till Monday to see will oil top the $60 a barrel to short more. Ice had another fantastic run maybe due to the oil/gas trading frenzy. Sndk sunk further under no news, just anticipating the settlement on some lawsuit next week. I'll continue to watch the oil /natural gas next week again for opportunities.

Longs Current unrealized g/l:
vrsn -.15/share
ice -.10/share
sndk -2.00/share

Shorts Current unrealized g/l:
vlo -2.20/share
sun -0.60/share