6/30/2006

What a way to end a great week and month. I know I can say that, it was just text book perfect. After the 4th of July, it should be back to work listening to conference calls and scanning through all the earnings that will be coming out for q2. I've accomplished my objective by dumping majority of my longs and have about 50% of my portfolio in cash. Here are the gains for this week, +1/share on peix, +2/share on gld, +.60/share on sun, +4/share on isrg. I'm still kicking myself for exiting my oils too early, but a gain is a gain. I'll continue to short the oils as we move in July, but want to go long after July for the anticipated hurricane month in Aug.

Longs Cost Unrealized g/l:
rimm 68.7 +1
adsk 35.16 -0.60


Short Cost Unrealized g/l:
vlo 63.30 -2
tso 70.55 -4

6/27/2006

We are all back to square one again, in a way I was glad the market consolidated a bit going into Uncle Ben's decision. This way, the market will have a better reason to rally hard when the news does come out. Today, average down on adsk to a cost basis of 35.18, could have gotten cheaper later on the day. Other then this, there are several companies on sale, eig. aapl, mrvl, sndk, bbby, and ebay. Unfortunately, I'm all tapped out and will have to wait until Thurs to take small positions on these beauties.


Longs Cost Unrealized g/l:

peix 20.05 +0.60
gld 56.71 +1
rimm 68.7 -3
sun 67.31 -2.4
adsk 35.16 -2
isrg 108.50 -2

Short Cost Unrealized g/l:
vlo 62.20 -.30
tso 68.15 -1.5

6/23/2006

Another non-eventful week for the market. This is the second straight week of flat return for the market, everyone is just waiting for Uncle Ben. Today since the merger in energy propel the refineries up, I took the opportunity to start my short on these babes. Shorted tso at 68.15 and vlo at 62.20, just small positions to test the water. I just don't understand why sun didn't moved with the other refineries, which gave me some uneasiness about it in the short run. Next week should be volatile, with month end window dressing and rimm earnings announcement, I'm getting ready for the rally. This will how I play next week, as the market rally on Thur and Fri, I'll start to unload and build my cash position for the 2q earnings.


Longs Cost Unrealized g/l:

peix 20.05 +2.5
gld 56.71 +1.30
rimm 68.7 -3
sun 67.31 -3.4
adsk 35.8 -1
isrg 108 -1

Short Cost Unrealized g/l:
vlo 62.20
tso 68.15

6/21/2006

Finally a huge bounce off day on some good earnings numbers. Hopefully, it can stabilize from here on out until Big Ben speaks on next Thurs. If not, it will just spook all the traders even further. I'll continue to lay low until next week to either purchase more shares or short.

Longs Cost Unrealized g/l:

peix 20.05 +1.30
gld 56.71 +1.30
rimm 68.7 -6
sun 67.31 -5
adsk 35.8 +.00
isrg 108 -6

6/19/2006

Just when I thought it was safe for this week, you get a Monday sell off. The fear mentality is starting to get to me. Majority of my gains for May is starting to be eroded in June, which is causing me to get very emotional at time. Today, I continued to buy isrg to average down to 108. I just don't know why this stock is tanking. No news, bust through their 200 day ema and closed below it. I like it because the growth potential is amazing and no competition. I'm just thinking the stock just tanked with the market. Let's see what the week bring.
Longs Cost Unrealized g/l:

peix 20.05 +1.30
gld 56.71 -.10
rimm 68.7 -6.5
sun 67.31 -7
adsk 35.8 +.30
isrg 108 -8

6/16/2006

All wells that ends well, we are pretty much where we are last Friday. This market continues to be fearful, but at least it didn't sell off today's quadruple witching. Since my last posting, I've sold nyx for +3/share, mrvl for +1.25/share, 3/4 of my adsk for +1/share, and added position on isrg to bring it down to 110. I just don't understand why isrg continues to slide, with their growth potential. Next week should be slow with durable orders and housing start to move the market. It shouldn't be that volatile until the following week's FOMC meeting.

Longs Cost Unrealized g/l:

peix 20.05 +0.60
gld 56.71 +1
rimm 68.7 -5
sun 67.31 -3.4
adsk 35.8 +1
isrg 110 -6

6/14/2006

A dead cat bounce kind of day day, well the cpi, ppi, and oil inventory has come and past and the market is still fearful. Everyone is still staying on the sideline until the fomc meeting. I need to see the indices touch above yesterday's high to justify this run, otherwise it is just a bear trap. Yesterday, I bought gold, peix, added to my position on nyx, and sold expe for +.30/share. All the inflation,interest, and recession fear out there is starting to reveal several bargain stocks. But, even though I see many bargains I'm afraid to go long on it. I'll stay on the sidline, and see what Friday's quadruple witching will bring.

Longs Cost Unrealized g/l:

peix 20.05 +1.70
gld 56.71 -1
mrvl 50.7 -2
rimm 68.7 -6
sun 67.31 -3.4
adsk 35.8 -0.60
isrg 111.57 -5.5
nyx 51.31 -.40

6/12/2006

Just another maniac Monday, I wish it was Sunday...and the sell off continues. The good news is that the cpi, ppi, and quadruple expiration on Friday will either give the markets a boost or drop it like a hot potato. Today, bought a small amount of nyx at 52.61, I just don't know why this stock is tanking. Maybe it has to do with the Euronet deal or just the whole market pulling it down. Last Friday, bought isrg again at 111.57, I'm guessing these medical device company will be a great hit when the econ slows. Also, this stock might be added to the Russell 1000 on Friday. This week will be very turbulence, and I'll get out once all my tech starts to rebound.

Longs Cost Unrealized g/l:

expe 14.99 -.0
mrvl 50.7 -4
rimm 68.7 -5.7
sun 67.31 -3.4
adsk 35.8 -1
isrg 111.57 -1
nyx 52.61 -.0

6/8/2006

What a wild Thursday, it was like being a kamikaze pilot going down and the last minute pulling all the way up to be par. And the volume was huge, more bigger than that one day in mid May. As the market went down, the first 30 minute I covered my isrg for +3.75/share, then I averaged down on all my oils. Unfortunately, if I knew the market was going to rally hard I would have loaded up big. But, since that is how the game is played , I average down on slb to 59.14, tso to 63.31 , sun to 67.31, and mrvl to 49.30. As the oil came back, sold slb for +.50/share and tso for +1.10/share. The market is still very bearish, but at least it ended on an up note. Now if we can only get the techs to rally, because it has been beaten down to the pulp.


Longs Cost Unrealized g/l:

expe 14.99 -.10
mrvl 50.7 -3.7
rimm 68.7 -3.7
sun 67.31 -0.60
adsk 36.31 -2

6/7/2006

The bear is still alive and well. I just don't like how the Dow is trending lower and all these talking head is saying not to worry it is just a correction. When the"expert" speaks about not worrying, that's when I get worry and start to short. Shorted and covered half my position on isrg for +2/share. Saw the inventory number and I thought it was mixed, but the market thought otherwise and dropped all the oils. Also, Iran seems to be swaying our way regarding the nuclear situation. So, with that, I started to accumulated tso at 64.80 and slb at 60.50. Just small nibble because I believe the oils will continue to drop since the Iran situation seems to be subsiding. However, all we need is one hurricane coming into the Gulf and the oils will pop like popcorn. Tomorrow, continue to look for short opportunities and buy the oils if it drops further.

Longs Cost Unrealized g/l:

expe 14.99 -.50
mrvl 50.7 -2.3
rimm 68.7 -4
sun 68.90 -3
tso 64.80 -.30
slb 60.50 -.10
adsk 36.31 -1.20
isrg 114.38 +1.38

6/6/2006

Wow I thought the market was coming to the end with today being 6/6/06, but thank goodness it rally near the end to stop the bleeding. Tomorrow should be a huge day because of the oil inventory number. Here is my strategy going into tomorrow, if the inventory number is bearish, I'll start building my short position and get out od sun; and if it is bullish I'll add to my position on sun. I don't know what the numbers will be since this week's inventory number includes the Memorial holiday weekend. Yesterday , I added to my position on adsk, to average down to 36.31. As for adding more positions I'll have to wait and see for more economic data to come out next week. Also, the market is very bearish to pick up any share right now.

Longs Cost Unrealized g/l:

expe 14.99 -.40
mrvl 50.7 -2.3
rimm 68.7 -4
sun 68.90 -1.5
adsk 36.31 -.1

6/2/2006

Another decent week of upward movement for the indices, but I'm not getting too excited about it. The market continues to be rebounding a bit, however, the little voice inside me is screaming bear trap, bear trap. Since the unemployment number was bearish and the payroll number bullish it basically washed out all the momentum. The oil rally a bit today, so I sold the rest of my vlo for +1.5/share and average down on my adsk after the selloff in the morning to 36.70. Next week should be a slow week with only the ism and wholesale inventory to move the market.


Longs Cost Unrealized g/l:

expe 14.99 -.75
mrvl 50.7 -0.60
rimm 68.7 -1
sun 68.90 +2
adsk 36.70 -.20

6/1/2006

Good movement and follow through from yesterday. Am I a believer in the bulls, not quite yet I need to see tomorrow's job number and how the market will react to it. The job number should be bearish based on today's higher than expected initial jobless claims, which shall propel the market higher. Today, I've sold half my position on sun for +1/share and half my position on adsk for +.20/share. I'm still very nervous about the market going into the summer month and will take any profit I can get.

Longs Cost Unrealized g/l:

expe 14.99 -.75
mrvl 50.7 -1.2
rimm 68.7 -3
vlo 60.25 +1.10
sun 68.90 +1
adsk 37.33 +.20