12/27/2005

With the low volume and the inverted yield scare, the market took a dive. Even in the face of lower oil and natural gas the market tanked. However, I tooked the opportunity to double down on apc which makes my cost basis at 94.25. This warm weather is spooking all the N.G. traders. Tha is just crazy because we are only 2 weeks into winter, there is so much more probability for a winter storm in the Northeast. I'll continue to add to my N.G. position, if it moves lower. I also added to my short on sndk, which makes my basis at 63.07. This stock just keep on ticking upward, I'll continue to short if it goes higher unless any substantial news regarding earnings is announce. Tomorrow, I'll just have to see what the oil/NG does before making any moves.

Longs Current unrealized g/l:
vrsn -.50/share
ice -.80/share
apc -1.30/share
dvn -.25/share

Shorts Current unrealized g/l:
sndk -1.20/share