10/27/2006

Finally some consolidation, however, the volume was low so it was nothing to get excited about. It might move a bit lower on Mon and Tues to end the month, since most traders might want to lock in there profits. Sold all my isrg for +8/share, it opened much lower than I expected, this is one stock I don't want to mess with and was lucky to be on the right side this time. Bought bhi at 70.31 after there decent earnings, the stock should act like slb after there announcements. Down after announcements then up a few days later. Add more to my ntri, to a cost of 64.40 , ntri was taken lower due to the market. So, it was a good opportunity to add more to my position. Wanted to cover my jnj shorts, however, the Dow will probably take it down a few more points so I hold off. Well for myself this week was great and need to continue this consistency.

Longs Cost Unrealized g/l:

uso 65.70
sndk 51.90
ntri 64.40
bhi 70.31

Short Cost Unrealized g/l:

jnj 77.11

10/26/2006

This market is unstoppable, maybe some consolidation tomorrow after the GDP and Michigan sentiment reports? Who knows what the market will do, but definitely all four engines are burning and it might go pass the moon and onto Mars. Well today, shorted isrg at 110.90, was initially for a day trade however, it turned so fast that I kept it for the earnings announcement. Wow this stock was all over the place in the after hour as high at 122 and low as 110, and closed at 113.25. It was like being on a rollercoaster and I don't like rollercoasters. It will be interesting tomorrow how this baby will run. I'm guessing a pop up then down it go towards 110. Then, I'll cover for a small +.90/share, we will have to see how it goes but that is the plan.

Longs Cost Unrealized g/l:

uso 65.70
sndk 51.90
ntri 65.11


Short Cost Unrealized g/l:
isrg 110.90
jnj 77.11

10/25/2006

This market just wants to continue to the moon. The only catalyst moving it now are earnings and so far it has been great. Today, I sold my slb after the bullish oil inventory number for +3/share. I believe the oils should start to consolidate soon, it had a great run after hitting bottom in early Oct. Long on ntri at 65.11, I just don't understand the drop after the spectacular earnings number. This stock is very volatile and can move up or down without any reason. In the after hours, I played ffiv for +1.50/share after there decent earnings number. Will watch it again tomorrow, maybe for a short opportunity.

Longs Cost Unrealized g/l:

uso 65.70
sndk 51.90
ntri 65.11

Short Cost Unrealized g/l:

jnj 77.11

10/23/2006

And the rally continues, however this time the S&P 500 followed the Dow in the advance. But, one thing that was odd is the vix ended up higher, could the traders are just starting to get nervous at these high level. I believe the traders are definitely being cautious for a reversal. On last Friday, I bought slb at 60.80 and sndk at 51.90. What is up with sndk? How is it possible for it to dropped over 23% in 2 days, with decent earnings and higher future guidance? This stock does get manipulated and it can move the other way fast. Well all eyes on the fomc and durable goods for this week and a whole bag of earnings.

Longs Cost Unrealized g/l:

uso 65.70
slb 60.80
sndk 51.90

Short Cost Unrealized g/l:

jnj 77.11

10/19/2006

Finally it closed above 12K, now we can get to business, instead of worrying about when it will close above 12K. So far the economy continues to be ok, not too hot or cold, it is what those talking head calling a goldilock economy. Earnings continues to be good, however, only about 25% of the sp500 companies came out this week. As for today, I've sold bucy for +.90/share, this was a wild one how it dropped over 1 point in the opening bell and rally to a +1. I don't like this seesaw volatility with cat coming out with earnings tomorrow. Roundtrip short on sndk, for +5/share, this one was a gamble for me and I usually don't like to gamble before earnings. But basically, the earnings was good, I just don't know why it dropped in the AH. I'll be watching all the oils to see how they react to the OPEC reduction meeting. It should cause the oils to pop up a bit and then it will be my chance to short it.

Longs Cost Unrealized g/l:

uso 65.70


Short Cost Unrealized g/l:

jnj 77.11

10/18/2006

Well it finally touched 12K, but it just couldn't sustain it during the close. Apparently, it is getting very tired at this level, with tame cpi/ppi, good earnings for large caps, and the nuclear crisis the Dow just seems to shrug everything off. It isn't excited or nervous about anything, just in some kind of apathy mode. Today, I shorted jnj at 77.11, didn't know it had that much strength to closed at 78. It should consolidate a bit, I'll I'm out. Bought bucy at 47.81, this stock is very volatile it can move up or down quick. Today's action is probably just some profit taking before Caterpillar's earnings on Friday. Also, covered all my shorts on aapl for -18/share, the earnings were great, they beat on revenue, eps, and ipod/imac sales. This is what I didn't want to hear and I'm out with a huge loss. Tomorrow, I'll watch sndk and goog for the earnings announcing play.

Longs Cost Unrealized g/l:

uso 65.70
bucy 47.81

Short Cost Unrealized g/l:

jnj 77.11

10/16/2006

Deja vu 12,000 ...,12,000... but this time it almost touched it with the oils/NG running up. Nothing will stop this positive momentum, I sure don't want to be hanging around when it reverses. Today, roundtrip short on wfmi for +.45/share, also wanted to short the oils but watching how it just kept staying up after the noon hours made me cancel them. Will try again tomorrow, just to see will the oils pull back a bit. Tomorrow should be a huge day with several major players announcing earnings ( ibm, intel, jnj, merrill lynch).


Longs Cost Unrealized g/l:

uso 65.70


Short Cost Unrealized g/l:

aapl 62.40

10/13/2006

12,000 ...,12,000... that was the chant on all the financial sites, but actually no one really cares if it was 12K or 15K it is just a psychological number which probably will be broken. The object to focus on are the coming earnings and the cpi, ppi, and housing data for next week. So far earnings have been ok, not spectacular or blowout but mixed. Today made a roundtrip short on bhi, for +1/share ( 70.75-69.61), the oils had quite a run lately and they should consolidate next week.

Longs Cost Unrealized g/l:

uso 65.70


Short Cost Unrealized g/l:

aapl 62.40

10/12/2006

Ah... it was just one of those days blessed by the wall street gods. It didn't matter what you bought it just went up. Today, I made 4 roundtrip trades or day trades, the most I've ever done. But with the god's blessing it had to be executed, and here goes, made +1/share on all of of the trades listed ( bhi in 67.50-out 68.50, joyg in 39.60 out 40.50, isrg in 110.75 out 111.77, and sndk in 57 out at 58.10. So it was kind off a great day, because all the gains offset my short on aapl. Thus an even day for me, but a huge rally on all the indices. All eyes on GE tomorrow, which should dictate either a profit taking day or more to the moon movement.


Longs Cost Unrealized g/l:

uso 65.70


Short Cost Unrealized g/l:

aapl 62.40

10/11/2006

The market continues its resilient move upward. Even though it was down today, it did recover quickly near the end after the plane crash knee jerk drop. Bought bhi at 67.50 today, because the oix index is starting to stabilize since the rumor of OPEC production cut. I'm still keeping an eye on aapl, earnings will be on next Wed. and it might be good. So if it drops near 70, I'll cover some for a lost. The big boys love Steve and they will not push it below 70. Also, the way this market is moving it just wants to shoot to the moon. And lately when a company does beats on earning it will move up.

Longs Cost Unrealized g/l:

uso 65.70
bhi 67.50

Short Cost Unrealized g/l:

aapl 62.40

10/9/2006

Well the indices continues the upward move before the onslaught of earnings. How high will it go and for how long is the 64k question. Today, I've finally covered all my short on rimm for a disgusting -35/share loss , this was very very painful. I've waited long enough and the MM pushed and squeezed me to my limits. It is time to move forward and not watch rimm for awhile. With the fresh cash, I'll start to watch the oils and tech for the coming earnings and probable OPEC reduction on production. Also, all my trades will be day trade because of the high level of the market it will be volatile to hold overnight.

Longs Cost Unrealized g/l:

uso 65.70


Short Cost Unrealized g/l:

aapl 62.40

9/5/2006

And the indices marches forward fueled by individual investors jumping in not wanting to miss the boat and the traders covering as it heads higher. As for myself, even though I'm down in the hole, I'm sitting this one out. This exuberance will not sustain for long once earnings starts rolling in. Yes, it is frustrating watching the market move higher for no significant economic reasons, as my shorts are way out of the money. Well that is it, onward to the job report on tomorrow.

Longs Cost Unrealized g/l:

uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40

9/2/2006

First day of the month and it was mixed to me, even though the indices finished lower. Historically, Oct is a good month and Sept. was a weak month, however, the big crashes tended to be in October ( 1929 and 1987). This market seems to want to run but just need more economic data to support the high level that is current present. The next two week we should be range trading before the onslaught of earnings, which will truly dictate the movement of the market.


Longs Cost Unrealized g/l:

uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40