2/2/2006

Just when you think the market wants to go higher, the market just slammed on the brakes. Which is good for me since, I'm still short on the market. At least oil/gas came down a bit after the International Energy Council decided to hold off on recommending Iran to the UN Security council. Shorted tsco at 63.35 after it ran up over 25% on great earnings and guidance. Lately, I've been very fortunate to either short or long any stocks that moved more than 25% after the earnings numbers, which so far has worked well for 1 - 2 point profit. Tomorrow is the big job number and the final consumer sentiment, we will see if today's negativity was just a once time event.

Longs unrealized g/l:
dvn +2/share

Shorts Current unrealized g/l:
tso -2/share
tsco +1.45/share