4/25/2006

Down day, the market is just consolidating here and there. This market is getting very tired, because even the lower oil isn't helping it go higher. The sell in May and go away theory may come true. Cover tso for +4/share, thank you Mr. Bush for that energy crisis speech today. Still holding on to vlo and slb, will see how the oil inventory number pans out before covering. Again added to my wfmi, now the cost is 64.11, this can't go down any longer. I have a feeling this will run on Fri-Mon on anticipation of great earnings number. Will watch the oils and my position again tomorrow.

Longs Cost Unrealized g/l:
wfmi 64.11 -2/share
anf 59.09 +.30/share
brcm 41.90 -0.30/share


Shorts Cost Unrealized g/l:
slb 66.73 -1.95/share
vlo 69.10 +2.80/share

4/24/2006

Mixed day today, maybe its a Monday and everyone is just getting settle in for the heavy week. The week will consist of consumer confidence tomorrow, durable goods on wed, bernanke speaks on thurs, and gdp on friday. Also throw in several big earnings (msft,valero, pesi, boeing) and you have a volatile mixture. On Friday, I shorted vlo at 69.10, tso at 75, and added to my position on wfmi because of the ridiculous high oil price. This morning the oil price dropped, but all the oils held up very well. I'm a bit nervous at this indifference to the oil price. But, will wait it out and see how the week goes. My retailers are hurting badly because of the high energy price, but their earnings will be coming out next week. Today, bought brcm at 41.90, I just don't get the sell off, it had great revenue number, but the eps was a bit low, overall a great quarter. Will just wait and sit it out on all my position for this week.

Longs Cost Unrealized g/l:
wfmi 64.65 -1.40/share
anf 59.09 -0.40/share
brcm 41.90 -0.20/share


Shorts Cost Unrealized g/l:
slb 66.73 -1.95/share
vlo 69.10 0/share
tso 75 +0.60/share

4/20/2006

Decent day today, the dow going up just because of gm, so don't let it fool you that it was an all aboard move. Overall, the earnings so far has been good, but the guidance has been ok. Today, I sold aaple for +4/share, sold mrvl for +4/share, cover apc for +1.90/share. Now I need to get rid of my retailers before the summer doldrums hits. The oils came down a bit, but that was because of future expiration. Tomorrow,it might bounce a bit due to short covering and no one wants to hold the futures over the weekend. Watched goog in the shoot to the moon in the after hour, it is amazing how powerful this freight train is chugging along. Tomorrow, will watch the oils and might go long for a daytrade.

Longs Cost Unrealized g/l:
wfmi 65 +0.0/share
anf 59.09 -0.0/share



Shorts Cost Unrealized g/l:

slb 66.73 -1.30/share

4/19/2006

Mixed day today after the runup from yesterday. This higher high on oil price is getting ridiculous, even though the gasoline inventory number are at yearly low, people just don't get it that it is maintenance season for the refineries. Once, they are done with their conversion, the gasoline level will be brought back up. With that thought, I shorted slb at 66.73 and added more short to apc which gives me an average of 111.60. This higher high should cease either tomorrow or Friday, for option expiration. Well apple performed as expected for a few point pop, even though they were a bit low on revenue. The street just love this golden child, I'll dump tomorrow if it tops 70. Tomorrow, I'll watch brcm and sndk for entry due to earnings announcement after hour.

Longs Cost Unrealized g/l:
wfmi 65 +0.36/share
anf 59.09 -0.40/share
mrvl 57.40 +3.4/share
aapl 64.40 +3.6/share

Shorts Cost Unrealized g/l:
apc 111.60 -1.70/share
slb 66.73 -1/share

4/18/2006

What a beautiful day in front of higher oil price. It is amazing how a comment of no more rate hike rallies the market. It doesn't matter, earnings is here and that will be the fuel in moving the market higher or lower. With the run up today, I sold all of my slb for +1.5/share, sold half position of aapl for +1.5/share, and sold half of mrvl for +1.5/share. Then went short on apc at 110.90, lucky for to me get near the high of the day. I don't like how the market is running up in the face of high energy. I'll start to daytrade on the short term and open short positions for the long term. Oil inventory number tomorrow and aapl earnings in the after hour.

Longs Cost Unrealized g/l:
wfmi 65 +1/share
anf 59.09 -0.50/share
mrvl 57.40 +1.6/share
aapl 64.40 +1.60/share

Shorts Cost Unrealized g/l:
apc 110.90 +.30/share

4/17/2006

Well it is the start of another busy earnings season. Today's action was not all that bad, even though it was down, the volume does not justify the move. So far the earnings have been good, but the inflation fear is still lingering around and spooking everyone. Also, this high oil number should be consolidating maybe later on the week. It has top the psychological 70 and the profit takers should start to show up. But, overall I'll have to examine how the market handle more earnings numbers coming out this week. Bought aapl today at 64.40, earnings should be decent on Wed, for a few point run. Tomorrow I'll will watch rimm, sndk, and yhoo. All these techs have consolidated a bit and it is about time to get back in.

Longs Cost Unrealized g/l:
wfmi 65 +.40/share
anf 59.09 -0.50/share
slb 62.60 0/share
aapl 64.40 +.20/share

Shorts Cost Unrealized g/l:

4/13/2006

A whole lot of nothing going on in the market this whole week. Even though it was down a bit, the players were already squaring away their positions and looking forward to the long weekend. Next week will be brutal with all the big boys announcing earnings. Today, I covered mstr for +2/share, this stock is very unpredictable and I'm glad to be out of there with a decent profit. So going into next week, I'm all long and no shorts.

Longs Cost Unrealized g/l:
wfmi 65 +1.60/share
anf 59.09 -1/share
slb 62.60 -0.60/share

Shorts Cost Unrealized g/l:

4/12/2006

Mixed day today, the index doesn't show the truth. With the low volume due to the long holiday, nobody wants to place bets before earnings. Yesterday, covered aapl for +1.5/share also day traded tso for +1/share. Today, bought slb at 62.60, right after the oil inventory which I thought was bullish , but the market didn't. I usually wait an hour before buying but somehow I got caught in the runup of the other oils stocks. My mstr is finally starting to break before earnings, I'll cover around 100. It should be another slow day tomorrow, because everyone is thinking about the bunny.

at Longs Cost Unrealized g/l:
wfmi 65 +0.75/share
anf 59.09 -2/share
slb 62.60 -1./share

Shorts Cost Unrealized g/l:
mstr 104.40 +1/share

4/10/2006

This market continues to be resilient in the face of higher energy price. The dow and sp just continue to be strong, but the naz gave up just a bit. Why isn't the market reacting to the high oil, war looming in iran, gold will touch 800 ( maybe not), and higher interest rate? With this thought, I covered sndk for +.20/share, it was pathetic because it dropped another 1.5 after I covered. I just have to be more patient and not let the market dictate my emotions. But, this high level in all the index will not last long, the earning numbers will prove it. This week will be quiet because of the long holiday and also the bulk of earnings won't come out until next week.

Longs Cost Unrealized g/l:
wfmi 65 +0.55/share
anf 59.09 -0.50/sharerest.


Shorts Cost Unrealized g/l:
mstr 104.40 -0.60/share
aapl 68.60 -0.07/share

4/6/2006

This market is continuing to make higher highs and set record year highs. All for what reason, I just don't know. We have gold at 600, all the index near high levels, energy is going crazy, and earnings coming in a few weeks. So I started to go short, on aapl and sndk. These two ran up huge on just anticipation of growth. For aapl it was the boot camp software and for sndk it was m-system's great earnings. But, what if the numbers doesn't justify the run up, then it will be down hill from here. Tomorrow, the job numbers.

Longs Cost Unrealized g/l:
wfmi 65 +1.20/share
anf 59.09 -1.40/sharerest.


Shorts Cost Unrealized g/l:
mstr 104.40 -1.20/share
aapl 68.60 -2.60/share
sndk 60.80 -2.52/share

4/3/2006

What a wild maniac Monday, rally in the morning and gave back in the afternoon. Just not enough buyers to sustain the rally. This week everyone will watch the job number on Friday and will see how the market react to it. Last week it was just up and down base on the speculation of interest rate. Today, sold brcm for +.40/share, didn't want to do it but it has runned up huge in the last few days. Will get back in if it comes down. The oils are still rallying due to the iran/nigeria concerns which is nothing new. I'll continue to wait patiently for a short opportunity on the oils because the inventories are just too high. Also, on Thurs I'll watch the retail numbers and hopefully will help my wfmi and anf. But overall, this market wants to go higher but it will have to be in the face of good earnings pre-announcements.

Longs Cost Unrealized g/l:
wfmi 65 +.20/share
anf 59.09 -2.50/sharerest.


Shorts Cost Unrealized g/l:
mstr 104.40 -.08/share