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