9/6/2006

Finally the market consolidated, the vix moved a bit higher, but will it last? It is strange that since energy prices has dropped significantly the market just kind shooked off the news. Then suddenly a jump on labor cost scared all the bulls that inflation is back. Is it showing signs of a reversal,after a great August run up? Well September historically has been an ugly month, with triple witching on next Friday and then third quarter window dressing by the institutional, it will definitely be choppy. Today, covered joyg for a -2/share, I was wrong on this stock and it just ran up further after the great earnings. I could have gotten another 1 point, but it just seesawing around the 44 level and it made me nervous, so I covered for a loss. Tomorrow's oil inventory should pull the oils up a bit, since the beating is over done.

Longs Cost Unrealized g/l:
vlo 63.83
uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40