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