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