1/9/2006

It's time to celebrate because the Dow is above 11k. Wow, it took over 4.7 years to reach back that level. But, if you are a short like myself, you are booing and hissing at this rally. I'll continue to short sndk and tso because their price doesn't reflect their value. This run up is caused by new money coming in and also all the late players trying to play catchup. Currently, I'm being roasted at the stake, not burn yet. Will see how this whole week plays out since the ppi and export/import number will come out this week. Also, earning announcements should be in full mode next week.


Longs Current unrealized g/l:
dvn +2.80/share

Shorts Current unrealized g/l:
sndk -11/share
tso -2/share