5/3/2006

Mixed market day, a bit surprised it didn't hit higher since the oils retreated. Well the oils are finally coming back in line and the inventory shows it. However, the sanction on Iran is still in all the traders mind, which brought the buyers back a bit. The oils should continue to consolidate until Friday or Monday. Well my wfmi finally announced earning and it was great, but they didn't beat on the top line. I will dump half my positions tomorrow to lock in the profits. Sold vlo after the inventory number for +2.42, it was a good run. Tomorrow will look at the NG inventory and maybe short dvn, the NG number just keeping on going higher and higher.

Longs Cost Unrealized g/l:
wfmi 64.11 -2
anf 59.09 +1


Shorts Cost Unrealized g/l:
slb 67.93 -3.3
bhi 83.77 -2
aapl 71 -.15