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