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