5/11/2006

Finally the market is starting to consolidate, but will it hold for tomorrow. All this fear about inflation, energy, and commodity cost is just the market finding excuses to go down. But, I'm not convinced this was an all bail ship situation, I'm still on the fence this market might reach higher highs then it will drop hard. With that thought, I covered aapl for +3/share great run, may get back in as a long tomorrow. Still holding my oil shorts, it will come down slowly because they are definitely too high. Will continued to watch the semis tomorrow.


Longs Cost Unrealized g/l:
anf 59.09 +3
ebay 32.20 -.20

Shorts Cost Unrealized g/l:
slb 68.74 -3
bhi 84.57 -1