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