2/27/2006

Another up market and the cycle continues upward. Lets see how the market react to tomorrow's consumer confidence and pmi numbers. Was surprised that the oil retreated back to the 61 level, even though all the possibility of disruption is still out there. But, I do not think it will go below the 60 dollar level this time, if it does I'll take out all my oil stocks. Well sndk jumped today after an upgrade, so I sold half my position for +4.5/share. This stock continues to be a sweet heart of wall street and will get support from the brokers everytime in goes down. The market might be mixed tomorrow due to the month end and since Feb was a decent month for everyone I don't think there be any action.

Longs unrealized g/l:
dvn -1.40/share
sun -1/share
wfmi -1/share
nbr -2.50/share
sndk +4.75/share

Shorts unrealized g/l: