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