2/16/2006

The market is starting to swagger with all the new money coming in to bid it higher. However, I just don't like how the Naz is not quite reaching the highs of January while the Dow and SP500 has already touched it. Well today's, runup gave me an opportunity to dump rimm for +.60/share and yesterday I sold vlo for +.50/share. I also shorted appl at 66.60 on Tuesday. Apple is starting to irritate me with this move toward 72. I think the option expiration has some effect on it beside the intel inside the ibooks. Also, glad the oils are finally bottoming out and forming a base here. Tomorrow, no trading due to the option expiration and the long weekend coming.

Longs unrealized g/l:
dvn -1/share
sun -.10/share
wfmi -0.40/share

Shorts unrealized g/l:
aapl -4/share