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