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