2/24/2006

Mixed market today even in the face of terrorist activity in Saudi Arabia. Once again the market just amazes me how resilient and strong it continues to be. With the oil running up today, I sold half of sun for +1.5/share, cover apple for -5/share, sold rimm for +7/share, and bought sndk at 66.80. Took aapl at a lost, should have done this much earlier at the 70 dollar mark instead of 72.50. It just moved up so quick and I was not discipline enough to nip it at the bud. However, the rimm movement after the no injunction verdict made up for the lost. Initiated sndk today , it seems to be stabilizing and should move back to the 68-69 range. Well that is all for this short and slow week.

Longs unrealized g/l:
dvn -.40/share
sun +.50/share
wfmi -1.30/share
nbr -.50/share
sndk -.50/share

Shorts unrealized g/l: