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