3/30/2006

What a wild and wooly week, just no follow through whatsoever. Maybe it is the high oil price, the month end window dressing, or just all the mixed economic data. Well yesterday I sold nbr for +3/share and today it jumped another 3 point for no news. I don't regret it but should have dumped half and wait for today. Also, sold half of wfmi for +1.25/share will see what happens tomorrow to dump the rest. This market is very unstable and I just want to get to cash soon.


Longs Cost Unrealized g/l:
wfmi 65 +1.75/share
anf 59.09 -1.20/share
brcm 44.60 -1.30/share

Shorts Cost Unrealized g/l:
mstr 104.40 -.70/share

3/27/2006

What a mixed and quiet Monday, everyone is just sitting around waiting for the Fed meeting. We have the consumer confidence and fed meeting tomorrow which should be interesting. Everyone expects it to be up another 25bp, but what will the future bring. In the past fomc meetings, the market usually have a delay respond and rally the next day instead of the same day of the meeting. Then later on the week, we have pmi, michigan sentiment, and 4th gdp should also make the market down up or down. I'm currently watching isrg, this stock is on steroid on no news, it will be a great short anything above 125.

Longs Cost Unrealized g/l:
wfmi 65 -.05/share
nbr 66.50 +1.8/share
anf 59.09 -3.60/share
brcm 44.60 -1.30/share

Shorts Cost Unrealized g/l:
mstr 104.40 -.20/share

3/22/2006

Rally for the dow, however, the naz didn't quite follow that much. Especially the semiconductor industry is continuing to make new lows, probably bring it back to Jan's level. With that said I bought brcm at 44.60, thought it would rally abit but it fell below the 50 day mma, then regain above the 44 level at the end. Will the dow advance tomorrow after the housing numbers? Don't know but what else will drive it higher?


Longs Cost Unrealized g/l:
wfmi 65 -.50/share
nbr 66.50 -1.5/share
anf 59.09 -3/share
brcm 44.60 -.60/share

Shorts Cost Unrealized g/l:
mstr 104.40 -.20/share

3/21/2006

A bit of consolidating today, due to wait wait more interest rate coming. Oh my goodness that is unbelievable and shocking news. This shows you that the market is just finding any reason to give up its gains. This consolidating a bit is good to cool down the engines. With the run up in the morning I dumped rimm for +1/share before the down turn in the afternoon hours. Tomorrow we have the oil inventory, I just don't know how the energy sector will react to the high inventory. It has however, given up a bit in the last few days.


Longs Cost Unrealized g/l:
wfmi 65 -.85/share
nbr 66.50 -1.8/share
anf 59.09 -2.35/share

Shorts Cost Unrealized g/l:
mstr 104.40 +.80/share

A

3/20/2006

Looks like a mixed Monday, but the actual truth was that several tech stocks consolidated today. The market seems to be taking a break after all the run up from last week. Also, maybe they are waiting for more economic data such as ppi , existing home sales, and durable orders coming out this week. What happened to the oils today, dropping huge for no news. The one news I heard was the high inventory level, which was old news from last Wed. Also last Fri, I made a mistake by chasing a runner stock by the name of rimm, bought it at 87.60, thought it will touch the 90 mark, but it just back off throughout the day. This mistake was stupid because it was quadruple witching on Friday and all the stocks were very volatile. I hate it when my discipline fails and I'm paying for the lack of it.



Longs Cost Unrealized g/l:
wfmi 65 -.20/share
nbr 66.50 -2.20/share
anf 59.09 -2.25/share
rimm 87.60 -1.60/share

Shorts Cost Unrealized g/l:
mstr 104.40 -1.30/share

3/15/2006

Man the market is starting to show some strength, but I don't know what news is keeping it up? The naz is finally joining the other 2 indices in setting new highs. Well lets just see how the market react to tomorrow's cpi numbers. Wfmi came back today on a upgrade, this shows you that if there are no news and the stock tanks just hold and see what is out there. But, my anf tanked for no news, I just can't figure out these retailers. My portfolio just keep on going no where with all this seesawing , while the general market is setting new highs. The oil inventory once again is in the high end and tomorrow's NG inventory number will probably be in the high end compared to last year. Well that is it, I'll watch rimm tomorrow to see will it go higher due to today's unusual volume and spiked up.

Longs Cost Unrealized g/l:
wfmi 65 -3.40/share
nbr 66.50 +0.40/share
anf 59.09 -2.10/share

Shorts Cost Unrealized g/l:
mstr 104.40 -3/share

3/14/2006

Today's rally was more like a relief rally that maybe the fed might not raise rates. Which is hogwash because the Fed will continue to raise rates this month. The fear is still out there, it just subsided for today. With the lower retail sales this was not a good day for my wfmi. I just don't get it, with no corporate news to state otherwise, I'm just speculating it has to do with the retail sales number and option expiration. I wanted to dump it at a loss, but I need confirmation from the company instead of manipulaiton of the MMs. However, I sold dvn for +.40/share, I took the opportunity with the runup on the oil/ng to dump it. Winter is over and the inventory on NG is just too darn high. Also, added more to my short on the high flyer mstr, which is manipulated by the MM. I'm starting to look for short positions and continue to unload my longs when I'm in the money.


Longs Cost Unrealized g/l:
wfmi 65 -5/share
nbr 66.50 +1/share
anf 59.09 -1.50/share

Shorts Cost Unrealized g/l:
mstr 104.40 -2/share

3/13/2006

Another mixed day in the market, with no follow through for the dow from Friday's moved. This is not looking good, the sox index went below the 500 point but bounced back. Maybe it was the higher oil rebound which helped my oils, but it cause a ripple effect through my retailers. I didn't find any news on why my wfmi and anf was lower today. I'm guessing the higher oil price is a psychological effect that will transfer to the pocket book of the consumers. Shorted mstr at 103.25, this stock is way too high for this unstable market, the big boys maybe pumping this for option expiration week. This week is volatile, with the retail sales tomorrow, cpi on Thursday and option expiration on Friday.

Longs Cost Unrealized g/l:
dvn 60.11 -1/share
wfmi 65 -4/share
nbr 66.50 -1/share
anf 59.09 -2.50/share

Shorts Cost Unrealized g/l:
mstr 103.25 +.25/share

3/10/2006

Mixed day today in the market, don't let the high dow suck you in thinking it is good time again. If the naz and sp500 had finished strong this week, I would have agreed we might have slowly reversed. Since these two index didn't moved higher, the weakness and negativity still lingers. Today, I daytraded sndk for +.20/share, it was weak throughout the whole day, and I didn't want to hold it over the weekend. All the top techs are starting to get very very weak, eig. (aapl mrl brcm sndk) while the dow continues to move up. Sooner or later the dow will follow suit and the mild fear level will turn extreme. Next week we have cpi and retail sales to move the market and not much in the earnings front.

Longs Cost Unrealized g/l:
dvn 60.11 -3.20/share
wfmi 65 -1.70/share
nbr 66.50 -2.60/share
anf 59.09 -2/share

3/10/2006

Are you afraid, well the market seems like it. Still no buyers out there to move it higher. The more we stay negative, the bigger the drop and the further it will drop. Hopefully, tomorrow's job number will be good for the market but bad for the average joe. Which means the number of unemployment should be high which can calm the fear of higher rates. But, high unemployment is not good for the working man/woman. Sold my hal for +2/share in the morning before the NG inventory number. All the oil/NG are getting very weak and I had to book profit on this one. I'll continue to watch the indecision and fear out there before going long, but possibly going short is a better strategy.

Longs Cost Unrealized g/l:
dvn 60.11 -3.30/share
wfmi 65 -1.90/share
nbr 66.50 -2.30/share
anf 59.09 -2/share

3/8/2006

Well another mixed day in the market, it wants to go up but the fear still lingers. One sign I like was how the oil stocks didn't dropped as oil per barrel dropped below 60 due to the bearish oil inventory. I'm thinking the oils are starting to discount the oil dropping below 60 and anticipate the coming driving and hurricane season. Also, the semiconductor index (sox) didn't dropped any further below the 500 point. Didn't made any trades today, but did want to buy the nyx ( nyse ipo today). So this market will either dropped further or bounce a bit then dropped further. I'm thinking it will bounce on the job number on Friday and next weeks option expiration and then it will be down hill from there.

Longs Cost Unrealized g/l:
dvn 60.11 -2.50/share
wfmi 65 -1.50/share
nbr 66.50 -2.60/share
anf 59.09 -1.5/share
hal 65.80 +1/share

3/7/2006

Another negative sentiment day, starting with TXN's lower guidance which shooked the semiconductor and tech stocks. Then the increased fear of higher interest continues to spook the markets. I was reading an article on the fear index and it shows that we are right near the border of entering into the extreme fear area, currently we are in the mild fear area. Well before we enter the extreme fear area we should bounce abit and let everyone that needs to get out (like myself with the oil stock) get out before it drops to the extreme fear area. Then when everyone continues to dump, it will to a buying opportunity again. So with todays down day, I added to my positions on nbr and initiated a new buy on hal at 65.80. Tomorrow's oil inventory should be interesting to watch to see will it bounce the oil sector up a bit.

Longs Cost Unrealized g/l:
dvn 60.11 -3/share
wfmi 65 -1/share
nbr 66.50 -2.25/share
anf 59.09 -2/share
hal 65.80 +.60/share

3/6/2006

What the heck happened today? Well the oils dropped due to the speculation that opec may not cut production on Wednesday's meeting. So if energy price dropped, should it not help the market? Well not today, the market dropped due to concerns about more high Fed rates in the future. This market continues to be on the fence and very emotional driven. Any slight positive or negative news just set it off the charts. With emotional days, I tend to buy if no material news comes out against a company. So today, I bought more shares of dvn, nbr, and anf which lower all of their cost basis. ANF was hit with a downgrade, but one good sign was that it bounced about a dollar off its low. I'm surprised that wfmi was up today and maintain near the 64 level, which is good. This week I'm guessing all eyes will be on the energy situation with opec and the Iran situation being refer to the UN security council.

Longs Cost Unrealized g/l:
dvn 60.11 -2/share
wfmi 65 -1/share
nbr 67.470 -2/share
anf 59.09 -1.75/share

3/3/2006

Another seesaw day with a flat market overall for the dow and s&p, but the naz did inch up a bit more than last week. Well, today I sold sndk for +2.5/share, did not like how it closed below the 60 dollar mark, which tells me there was no follow through when it topped 60. Bought anf at 59.90, I believe this stock has settled down after dropping over 10% in the last 2 days on lower sales comps. This should either drop to the 58 level or moved back to the 61. Going into March, the only thing that can move the market are the pre-earning announcements, but with Intel's poor q1 announcement it doesn't look too good for the tech sector. But who knows what will happen, anyway all the big boys are still very bullish on the market and 06.

Longs Cost Unrealized g/l:
dvn 61.43 -0.60/share
wfmi 65 -1.48/share
nbr 68.20 0/share
anf 59.90 -.20/share

3/2/2006

Once again the market just doesn't know which way to move. It was down in the morning and later creeped back a bit. These seesaw moves makes me nervous about putting on a long position. With the oil running up today, I sold sun for +.80/share and daytraded mrvl for +.05/share. The mrvl trade was a short which I closed out too quickly when it moved back up. I just need more patients next time to watch it through before bailing out. Lets see how the market react to tomorrow's ism and sentiment number.


Longs Cost Unrealized g/l:
dvn 61.43 -0.94/share
wfmi 65 -1.20/share
nbr 68.20 -1/share
sndk 56.80 +4.10/share

Shorts Cost Unrealized g/l:

3/1/2006

Just when you think the market will reverse it does a head fake and continues the upward surge. But this time the naz is finally coming along with the dow and s&p500, which is a good sign. More economic data like job claims tomorrow and the ism and sentiment numbers on Friday should add fuel to this fire. But, we are going into the end of the 1st quarter and majority of earnings are out so what else will move this market? That is why I'm very wary and nervous about these high levels we are entering into. No trades for me today, just watched the market chug slowly upward.

Longs Cost Unrealized g/l:
dvn 61.43 -2.26/share
sun 77.32 -1.11/share
wfmi 65 -1.33/share
nbr 68.20 -1.34/share
sndk 56.80 +4.75/share

Shorts Cost Unrealized g/l: