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