12/22/2005

Ho, ho, another ho tomorrow and I'll call it a santa claus rally. But, if we give it all back it meant nothing. The natural gas number came in a bit better than expected and all the natural gas sold off. It is still the second largest draw down this year. But since everyone sold off, I did the same and sold dvn for a measly +.20/share. Wanted to dump apc also, but it just didn't hit my target price. Will see what happens tomorrow to the N.G.s before initiate new positions. Rimm was on steroid today for positive earnings news, which I though was ok because there forward guidance is flat like a pancake. Thought it was way overbought , thus initiate short at 68.48. Should pull back for a 1-2 point tomorrow. Also, shorted sndk at 62.10, the god was shining on me because the high was 62.15 for the day. This is a very volatile issue and may run up another 2 points, but I'll add to my short if it does. Tomorrow should be very slow and I'll just watch my current positions.


Longs Current unrealized g/l:
vrsn -.30/share
ice -1.35/share
apc 0/share

Shorts Current unrealized g/l:
rimm +.20/share
sndk +.40/share