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