8/31/2006

Well another month has gone by and it was not good at all for me. However, all the indices did very well for a historically slow August. Today, I thought all the run up was the window dressing drill which gave me the opportunity to finally dump adsk for +.45/share, I'm just finished with this slow moving stock. It just trades sideway in a very slow pace, even with Goldman initiated coverage of it. Also, took a short position on joyg at 42.16. They had great earnings, but to me the top line ( revenue) was in line nothing spectacular,the bottom line went through the roof, so it just tells me they cut some fat here and there and surprised everyone. The shorts definitely got squeezed hard and it popped over 20%. If this baby doesn't go down tomorrow, I'll take a hit for a loss, because it has potential to move up higher to the 50 mark. The job number shouldn't surprised anyone tomorrow because all the big players are in the Hampton for their last tan of the summer.

Longs Cost Unrealized g/l:
vlo 63.83
uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40
joyg 42.16

8/29/2006

Another mixed day even though it finished up after the Fed minutes were released. This market clearly wants to move up further, however, it has already moved higher since the cpi/ppi were released. So the only puzzle that is missing is the volume, no volume no higher highs. I want to add to my oils, but will wait until it hits the 67/barrel point before adding more to my positions. Basically another slow week and probably will not make any trades until after the long holiday.

Longs Cost Unrealized g/l:
vlo 63.83
adsk 34.33
uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40

8/25/2006

Overall the markets were down for the week after last weeks run it was expected. As repeated over and over again the volume is very low it just doesn't matter. Even with the possibility of a hurricane coming towards the Gulf the oils just didn't budge. This just frustrates me with my current position on the oils. Also, my two shorts are running up and having a field day squeezing the shorts. I'm starting to feel the squeeze I just don't know how much longer I can stand it. I'll will definitely cover my shortrs for a loss, when is the 64k question. Next weeks, the turtle pace momentum will continue all the way until after Labor day.

Longs Cost Unrealized g/l:
vlo 63.83
adsk 34.33
uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40

8/23/2006

More consolidation, but the volume is pathetic to be excited. This is just a dead week either the market moves up or down it just doesn't matter because of the low volume. However, I didn't like how ntri was moving very erratically today, so I just covered for +1.20/share. I'll use the proceeds to add more to my positions on the oils. This oils coming down is just a buying opportunity because the Iran situation is not a done deal yet. It will just be dragged on and on until the cows come home. So any downward press on the oils I'll take a nibble at it.

Longs Cost Unrealized g/l:
vlo 63.83
adsk 34.33
uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40

8/21/2006

A bit of consolidation is good for the market. It should be quiet tomorrow also, but on Wednesday the existing home sale and oil inventory should move the market. But, since all the traders are still out on holiday there is no volume to sustain it. Well my ntri came down today for no reason whatsoever, will hold and see what it does tomorrow. This stock is very volatile and I just don't know what is inciting this action.


Longs Cost Unrealized g/l:
vlo 63.83
adsk 34.33
uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40
ntri 50.50

8/18/2006

Five positive day in a row, maybe a start of another upward trend? Hopefully not in my case with my short positions. The market is starting to get very optimistic, because the vix is very low near the 11 mark. And that is where it was before the market turned ugly in early May. Well not a great week for me, but the market sure had a field week. Next week will bring the durable goods and a bunch of housing number which should test the markets strength. The only bright side today is that adsk came back to finish almost par after yesterday's option backdating mess. Well onto next week.

Longs Cost Unrealized g/l:
vlo 63.83
adsk 34.33
uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40
ntri 50.50

8/17/2006

Mixed day today, just abit consolidating, it should be the same tomorrow. Sold off the remaining 1/3 shares of sndk for +5/share, it was a good run. Did not like the news on adsk in the after hour. They came in with great revenues but are holding off the other financial datas until further option backdating investigation. Why why did they not announce this early before earnings? Man that is just frustrating. Started a small position on uso at 65.70 ( very lucky bid)the oil fund, theses oils have dropped significant because of the fear of economy slow down and the oil demand will follow. Do the traders know we are just in the beginning of hurricane season, we still have Iran to dealt with, Hugo in Venezuela, and the Nigerian warlords can cause trouble any day. However, the selloff might push it below 70 briefly but definitely not below 67/barrel. But, I'll be ready to buy and add to my positions.

Longs Cost Unrealized g/l:
vlo 63.83
adsk 34.33
uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40
ntri 50.50

8/16/2006

Deja vu like yesterday's run up, but what will keep it going higher? All the indices are currently in technical territories dow near 11340 , naz 2150, and the sp 1293, so will it consolidate tomorrow or move higher. Well with option expiration, it will either consolidate or just trade mix till Friday. I'm continuing to hold onto my short positions and will weather out this short squeeze that is currently going on. But, my theory is since the slow down in the economy is coming, how will the companies grow their revenue to justify their current price? So, I'll hold and the consolidation will come soon before the truly real rally in the 4 quarter.


Longs Cost Unrealized g/l:
vlo 63.83
adsk 34.33
sndk 46.77


Short Cost Unrealized g/l:
rimm 73
aapl 62.40
ntri 50.50

8/15/2006

What a wild and uplifting day compared to yesterdays downer. However, what made me nervous was the low volume and if tomorrow's CPI number comes in higher than expected the negativity and interest rate fear will be back. So, today I sold 1/3 of sndk for +1/share and another 1/3 for +2/share just in case the market wants to sell off tomorrow. I don't think the CPI will come in lower than expected, because everything I've bought compared to last year has crept up at least 10-15%. On yesterday, I've bought more shares of vlo to average down to 63.83 and was quite surprised it didn't run up like the other refineries in today's action. Tomorrow should be another wild day with the oil inventory thrown into the mix.

Longs Cost Unrealized g/l:
vlo 63.83
adsk 34.33
sndk 46.77


Short Cost Unrealized g/l:
rimm 73
aapl 62.40
ntri 50.50

8/11/2006

The market closed on a negative note for the first time in 4 weeks. Next week should be volatile with ppi, cpi, and option expiration it will be a field day for all the MM. Did nothing today, just watched my shorts on ntri and rimm went out of the money. But, I'll see how these stock react to next week option expiration. I think it maybe a bit manipulated and should come down a bit more. Otherwise, I'll have to take my loss.

Longs Cost Unrealized g/l:
vlo 65.50
adsk 34.33
sndk 46.77


Short Cost Unrealized g/l:
rimm 73
aapl 62.40
ntri 50.50

8/10/2006

The terrorist threat was not a factor for the market. It just shrugged it off and kept the eye on the ball. However, the dropped in the morning spooked me to sell rimm too too early, for a +.50/share, it ran up to closed at +4 and change. However, since there were no news whatsoever, I've initiated a short at 73 on rimm. It should drop tomorrow for the Friday close out. Covered sun for +1.30/share when all the oils dropped, but picked up vlo at 65.50. Tomorrow, should be interesting with the retail sales number it should move the market. I still think the market should continued to dropped with high energy prices and the coming soft economy.


Longs Cost Unrealized g/l:
vlo 65.50
adsk 34.33
sndk 46.77


Short Cost Unrealized g/l:
rimm 73
aapl 62.40
ntri 50.50

8/9/2006

Well all the pertinent news are out and the market just fizzle. Too much apathy in the market, because as the market dropped, the vix indicator just stayed flat. I don't know what else will propel the market higher until next month's Fed meet and 3 q earnings. Was very disappointed how the Dow and S&P 500 dragged the Naz lower at the end. Also, didn't like how the Naz didn't stand up for herself. But, today as the Naz rally a bit in the morning, I sold half my position on rimm for +1/share and shorted ntri at 50.50. Ntri should come down a bit tomorrow, but as for rimm reaching over 70 is questionable with this unstable market. But on the bright side this down trend is helping my short on aapl big time.

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


Short Cost Unrealized g/l:

aapl 62.40
sun 78.50
ntri 50.50

8/7/2006

Well it was abit of a mixed down day, it was expected on the eve of Fed meet. The Mac Developer's conference was nothing new, so aapl sold off a bit. It should continue its fall to the upper 50's by the end of the month. But, will I have enough patience to hold it until then? I started a small short on sun at 78.50. This oil disruption didn't take out the market as I thought, but it did rally the oils. I believe it should come back down by Friday if nothing significant happens ( Middle East crisis, hurricane, warlords fighting, and Hugo's loud mouth). We should rally tomorrow afternoon, but what happens on Wed. is the 64k question.

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


Short Cost Unrealized g/l:

aapl 62.40
sun 78.50

8/4/2006

The job number finally came out and it was just a mixed day. A rally in the morning and was given all back in the afternoon. However, I kind of like it this way, I didn't want the indice to move up too much before the Fed meeting. Today, covered both my refineries, +3/share for tso and +1/share for vlo. We are heading into storm season and I'm a bit of afraid of being short. Continued to hold onto my aaple short, even though it rally hard near the end. This accounting irregularities need to be more clear before I cover for any loss. It might move up 1 or 2 point on Monday because of the Mac World conference, but it should not go over 70 until late Sept. Well this week was a flat week for myself and all the indices. Hopefully, this rally can be sustain for next weeks Fed Meet.

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


Short Cost Unrealized g/l:

aapl 62.40

8/3/2006

Well it is just one of those days when the gods are shining on me. First, the news with aapl in the after hours regarding option expensing is amazing. It was great that I shorted a bit more today when it hit 70, now my cost is 62.40. But, I wasn't expecting this news at all, and the released came out a few day before their big Mac World conference. So now the question is how low will it go because I've covering all my shares at 60. I just don't think it will fill the gap to 52,and if it did I'll be a buyer. Secondly, the hurricane just diminish which is definitely a god send to help my shorts on all the refineries. Now all I need on Tuesday is for Uncle Ben to stop raising rate and all my other tech stocks should slowly move up. Tomorrow's job number won't affect the market that much because I believe it will be bullish and the market has already factor the number already.


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


Short Cost Unrealized g/l:

aapl 62.40
tso 74.80
vlo 67

8/2/2006

The market continues to be in a wait and see mode, waiting for the job number and the big Fed meeting next Tuesday. As for the oil sector, everyone is just watching Chris and see how it will disrupt the refineries in the Gulf. Today was a weird day after the inventory numbers came out because the oils rally, however, it gave up most of it at the end. Maybe the oils are nearing its high and waiting for more hurricane data to help them justify the move higher. We will all have to see, as for my prediction it will just head to the southern coastline of Texas and have only minimal disruption. Sold the rest of mstr for +.50/share, I've continued to short aapl to a basis of 61.40 now. I will continue to short aapl their price is not sustainable because of the coming slowdown in the economy.

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


Short Cost Unrealized g/l:

aapl 61.40
tso 74.80
vlo 67