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