5/16/2006

Mixed day in the face of a tame ppi number. I thought the market will start its rally today, but I guess they want to wait for tomorrow's cpi and oil inventory. The naz is really taking a hit, stock such as aapl,mrvl, and goog are dropping huge. But, I'll take these as an opportunity to buy. I won't go all in , just a nibble here and there. The market sentiment is still in the cautious state and can dip into the fear level if we don't rally tomorrow. Today, covered all my slb for +2.5/share the same as yesterday, I didn't like how it went down and came to rally all the way back. Tomorrow, just watch and wait and maybe play intu's earning's number in the after hour.


Longs Cost Unrealized g/l:
anf 59.09 +.70
ebay 31.90 -1.70
expe 14.99 -.40
mrvl 52.6 -2.40
rimm 71.10 -.40
vlo 61.66 -0.40
tso 66.62 +1.50
sun 71.80 -.50

Shorts Cost Unrealized g/l: