7/28/2006

Wow what a bullish day, the bears were all hibernating while the bulls were having a field day. Some say it was the weaker gdp, but I think it was just all end of month window dressing. With this said, I sold half of mstr for +1.5/share, added to my short on aapl at a cost of 60.46 now, shorted vlo at 67, and yesterday got out of isrg for +.75/share. Overall this week was a great week for myself and everyone. However, Monday should be a mix day since it is the last day of the month and the bulls have pushed it up this much already. Now what happens after Monday until the Fed meeting will be very interesting and will reveal the true intentions of the market. My mantra will be "sell the techs on the rally, and if it goes high short it".


Longs Cost Unrealized g/l:
rimm 68.7
adsk 34.33
sndk 46.77
mstr 84.55

Short Cost Unrealized g/l:

aapl 60.46
tso 74.80
vlo 67

7/26/2006

The indices sometime just doesn't tell the truth of what transpired in the market today. The struggle between the bear and bull continues to be alive. Today, I day traded ntri again, but this time I had more patience to pulled out a +1.80/share, sold out my slb for +5/share, was very lucky to sell out at the top of the range. The oil inventory was a shocker to me, but overall the oil index is at an all time high , so I started a short on tso at 74.80. I will continue to short the refineries as it proceeds higher, in anticipate of the trouble in Middle East and storm predictions in the Gulf. Added to my short on Apple, just don't know why it ran up today, there were no news and the MacWorld meeting won't be here until 8/7. Tomorrow, I'll watch the natural gas inventory because all the NG has been on a tear due to the hot heat wave across the country.

Longs Cost Unrealized g/l:
rimm 68.7
adsk 34.33
sndk 46.77
mstr 84.55

Short Cost Unrealized g/l:

aapl 59.60
tso 74.80

What happened today was just a technical rally of some support levels. Because it was all quiet in the morning, then off to the races near the end. I rather prefer a rally with reason, like economic data to justify the run. But, I'll take an up day anytime the market gives it to me. Today, I daytraded ntri for +.75/share, they had decent earning but the President is leaving, which is always a red flag. Wanted to start a short position on the refineries again, but will hold off to tomorrow's oil inventory (which I believe will be very bearish). Well let's see how the market does tomorrow after 2 great days.


Longs Cost Unrealized g/l:
rimm 68.7
adsk 34.33
sndk 46.77
mstr 84.55
slb 61.90

Short Cost Unrealized g/l:

aapl 58.74

7/24/2006

Wow a huge Monday merger rally? Can it really hold up or is it another false bull rally? We won't know until the end of the week. Well my sndk finally came home, the earnings were fantastic and you should have heard the cc, it was oh "congratulations and kudos " all around. The last time I heard that from analyst to management the stock popped up huge the next morning. However, since the slow down in the economy is coming I will get out anything over 51. This week there will be gdp and several big earnings (xom,mmm) to pop the market further.



Longs Cost Unrealized g/l:
rimm 68.7
adsk 34.33
sndk 46.77
mstr 84.55
slb 61.90

Short Cost Unrealized g/l:

aapl 58.74

7/20/2006

Well, well, well, fool me once shame on me, fool me twice shame on you, and try to fool me the third time I start a short positon on you. Uncle B what are you trying to do to us, just raise it up 50 bp and finish it off will you, for the love of everyone. Today, I added to my shorts on aapl to a cost averge of 58.74. Covered all my tso for +1.5/share and covered half my vlo for +.75/share. I've started a small position on slb at 61.90 because earnings will be tomorrow and it will be good as expected. I need to cover the rest of vlo before the end of this month and start to long the oils going into anticipated storm season. Tomorrow should be another wild day with option expiration, so I'll just watch and see what happens.

Longs Cost Unrealized g/l:
rimm 68.7
adsk 34.33
sndk 46.77
mstr 84.55
slb 61.90

Short Cost Unrealized g/l:
vlo 64
aapl 58.74

7/19/2006

All engines go, that was the word of the Fed an up she went. However, will it hold up for tomorrow. We still have inflation fear, the economy slowing, and the Middle East instability. With that said, I've started a short on aapl at 58.20. Yes,they beat eps, but the revenue was low and next quarters guidance will be low. All this after hour run up was a bunch of amateur messing around, the selling floodgate will open once the institutional get into the game. Apple might run up to 60 tomorrow before the descend, so I'm ready to double down and cover around 57. Today's oil inventory was very bearish, but the oils just got caught up on the rally and up they went. I'm still holding them short because the inventory continues to build and the hurricane season won't be that bad. So onto tomorrow and will the sellers show up?

Longs Cost Unrealized g/l:
rimm 68.7
adsk 34.33
sndk 46.77
mstr 84.55


Short Cost Unrealized g/l:
vlo 64
tso 71.5
aapl 58.20

7/17/2006

Another wild day, the oils have finally sold off after all the run up from last week. Well this week should be huge for all my techs with (yhoo, msft, goog) coming out with earnings, they should move the techs. Also, the cpi, ppi, Bernanke speaking, and option expiration makes it even more volatile. With today's selloff on the oils, I covered half my tso for +2.5/share, will see what it does tomorrow, because it bounced off its 50 day ma. I'll be watching aapl and ebay on Wednesday for some action to get in. These stock have sold off tremendously and earnings should be good.


Longs Cost Unrealized g/l:
rimm 68.7
adsk 34.33
sndk 46.77
mstr 84.55


Short Cost Unrealized g/l:
vlo 64
tso 71.5

7/13/2006

Another day of panic and chaos around the world and it just spooking us like it is Halloween. Continue to lay low and will wait until the dust settles before committing into more shares. One glimpse of hope is that the refineries are has finally topped and coming down in the face of higher oil price. That is definitely a good sign that these refineries are overly priced.


Longs Cost Unrealized g/l:
rimm 68.7 -3.85
adsk 34.33 -3.69
sndk 46.77 -5.44
mstr 84.55 -1.23


Short Cost Unrealized g/l:
vlo 64 -.50
tso 71.5 +.10

7/12/2006

Wow I haven't updated for over a week, and the market just continues to be very very volatile. With earning season here and all the geopolitical crap it is just screwing the minds of all the traders including myself. My winners are being dragged to become my loser by this pychotic market. But, must stay focus and calm and not get suck in by the bears. This market continues to want to go down, the only thing I could see lifting the market up is the Fed announcing they are finish with interest rates. Other than that, earnings will dictate the market for the next 3 weeks. I'm heavy on the techs because they have came down tremendously and shorting the refineries. Even though today's oil inventory was bullish, all the oils dropped because they have already factor the number in already. Everyone is thinking about the hurricane season, Iran,Iraq, and N. Korea but all of these will resolve themselves and the inventory number will continue to build. I'm going to lay low this week and wait until next weeks heavy earnings from all the tech bellweather.


Longs Cost Unrealized g/l:
rimm 68.7
adsk 35.16



Short Cost Unrealized g/l:
vlo 63.30
tso 71.5

Well the interest rate and high gasoline demand scare is here again, same old song for all the traders to play and make money. Monday,s apc short was covered today for +2/share, nice little gain to help offset some of my tech loss. Continued to add to my short on tso, for a basis of 71.50 now. Didn't like how the tech just erased all the gains from Friday and Monday, but I guess everyone just wanted to book profit and have some capital for the earning season.

Longs Cost Unrealized g/l:
rimm 68.7 +1.2
adsk 35.16 -1

Short Cost Unrealized g/l:
vlo 63.30 -3.10
tso 71.5 -3.5

7/5/2006

Well the interest rate and high gasoline demand scare is here again, same old song for all the traders to play and make money. Monday,s apc short was covered today for +2/share, nice little gain to help offset some of my tech loss. Continued to add to my short on tso, for a basis of 71.50 now. Didn't like how the tech just erased all the gains from Friday and Monday, but I guess everyone just wanted to book profit and have some capital for the earning season.

Longs Cost Unrealized g/l:
rimm 68.7 +1.2
adsk 35.16 -1

Short Cost Unrealized g/l:
vlo 63.30 -3.10
tso 71.5 -3.5

7/3/2006

A bit surprised that the market rallied in a low volume and half session day. I don't like it because on Wed when everyone gets back they might tempt to sell off in anticipation of 2q earnings. Today with the run, I shorted APS at 48.60, this stock has pretty much recovered from the selloff after the announced merger. I think it will continue to go lower after the merger, because they paid heavy premium for those two companies. The oils should be topping soon, it is only about 2 dollar from the top and I don't see any major change from a few months ago. Everyone is anticipating a heavy driving season for the 4th to draw down the gasoline. However, once the inventory number comes in, the truth will come out, and the sell off will begin.

Longs Cost Unrealized g/l:
rimm 68.7 +2.5
adsk 35.16 -0.16

Short Cost Unrealized g/l:
vlo 63.30 -3.6
tso 70.55 -4
APS 48.60 -.20