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: