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