1/19/2006

Decent rise today after a couple day of consolidation. The oil/NG inventory came in and I thought it was bearish for the oils and bullish for the NG. However, Osama had to released some darn statement about truce and destroying us and up goes the oils. I feel like there is always a wrench thrown into the oils to keep it going higher and higher. The earnings coming in so far has been good, but the guidance so far has been flat. I can understand that not many CEO would want to raise guidance for Q1 since seasonally it is a slow quarter and the Fed still haven't finished raising rates. I'll probably not do much tomorrow and just watch the market jiggle since option expires.

Longs Current unrealized g/l:
dvn +5/share

Shorts Current unrealized g/l:
sndk -6/share
tso -5/share