5/15/2006

The market continues its consolidation phase, but I think it will bounce back tomorrow and Wednesday due to the cpi and ppi numbers. It rally near the end which shows me the buyers showed up to pick up some bargains. Last week, I've covered all my bhi for +2.5/share and bought expe at 14.99 after their disaster earnings which I thought it was over done,however, the market pushed it lower. The oil I thought on Friday was done so I bought vlo at 62.60. But today, I covered half of my slb for +2.5/share, and started a buying frenzy; bought ebay again, cost is now 31.90, vlo at 60 to average down to 61.66, rimm at 71.10, sun at 71.80, tso at 66.62, and mrvl at 52.60. So now I'm back on the refineries and the tech for their run back up.


Longs Cost Unrealized g/l:
anf 59.09 +2
ebay 31.90 -.70
expe 14.99 -.50
mrvl 52.6 -.50
rimm 71.10 -.40
vlo 61.66 -1
tso 66.62 -.50
sun 71.80 -.30

Shorts Cost Unrealized g/l:
slb 68.74 +1.74