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