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