11/30/2006

Last day of the month and the money managers tried to make the financial statements look good, but instead it ended flat. A range bound day, down, up, then ended flat. This morning I covered half of the dbrn at 23.53 and the remaining at 23.71 as it proceeded to moved up over 24. A teeny gain, but I'll take it. Then shorted slb at 68.85, I did took the position too early because it ran up to 69.25 before dropping in the last 30 minutes. My target will be to cover at 68-68.25 tomorrow, but will anticipate any Friday energy sell off due to the great run this week.

Longs Cost :

Short Cost: slb 68.85

11/29/2006

Well last quarter's gdp surprised everyone, and here comes the good time again. I'm a bit surprised of the move since all the money managers only have one more day left to window dress. I thought it would end flat all this week, then the volatility should begin again in Dec. Well with the move on the market I wasn't going to hold uarm short, so I covered for a +.35/share on this baby, well better than nothing. Today, took a short position on dbrn at 23.95, great earnings and good guidance, but a 19% run up is way too much. Actually most of the run up happened in the afternoon rally. So, it should back off a bit maybe to 23.5, that will be my target for tomorrow.

Longs Cost :

Short Cost: dbrn 23.95

11/28/2006

Stabilizing after the profit taking from yesterday. The economic data ( durable goods, home sales, and consumer confidence) numbers were a bit contrary to each other, so it basically offset each other. So all eyes will be on Friday's ISM number for more guidance. Today, made +1.10/share on isrg, +1.50/share on ffiv, and holding over night short position on uarm at 46.75. UARM was downgraded due to lofty valuation by MS. It did rally near the end, but on low volume. It should retrace to the 46-45.50 level tomorrow. Tomorrow's another oil inventory day, and will probably be a short opportunity, only if the build on gasoline continues and a build on distillate. We will have to wait and see.


Longs Cost :

Short Cost: uarm 46.75

11/27/2006

Consolidation day, nothing to worry or panic about. Unless it continues to the end of the year, then there will be panic selling. Otherwise good ole fashion profit taking. Today, sold all my sndk for -6.45/share, didn't like how it went down hard compared to its peers. But, made a short day trade on jcg for +2.20/share, so it balanced off my loss. I've cleared out all my position and will only position or daytrade going into the new year.

Longs Cost :



Short Cost:

11/22/2006

Another slow day with nothing exciting except for the oil inventory number. Just as the plan call for, a huge build on crude, gasoline, and a small anticipated drawdown on distillate. With these good news, I covered my slb at 1/3 at +.90/share, 2/3 at +1.20/share. Well that is it for me, since Friday will be a half day it will be useless to trade.

Longs Cost :

sndk 51.90

Short Cost:

11/22/2006

Another slow day, with sideway trading. The spx over 1400 and the vix below 10, wow the bulls are definitely controlling this bus. With today's news on oil disruption in Alaska, which rally the oils I took a short position on slb at 65.50. All eyes will be on tomorrow's inventory number which I think will be a build on gasoline and distillate. The last 2 week there were a drawdown , but this week will be the opposite. So for tomorrow, the oils will consolidate a bit in the morning and probably break even right before the oil inventory and if there is a build, it will drop like a rock. But, I'll probably be out of my position before the inventory numbers, with a long holiday coming anything can go wrong.

Longs Cost :

sndk 51.90

Short Cost:
slb 65.50

11/20/2006

It should be a slow holiday week, the traders will be heading for the egress after the oil/NG numbers on Wednesday. Today, made 2 short day trades one on bidu for +.90/share and mnt for +.35/share. Yeah, these were very small fry gains but with the slow week I'm willing to take anything. Will probably watch mnt for another short opportunity tomorrow.

Longs Cost Unrealized g/l:

sndk 51.90

11/16/2006

And it continues to move on and on and on,...it should be called the energizer bunny. Will tomorrow's housing number slow it down, stay tune tomorrow because it just won't stop. Today, was a autumn cleaning day for me, seeing how this market just won't die, I've decided to covered all my shorts for a small gains, except for wfmi. FFIV for +.20/share, mstr for +.50/share, and wfmi for -1.5/share. Also sold my remaining ntri for +2.5/share. The next few days should be slow moving into the holiday season.

Longs Cost Unrealized g/l:

sndk 51.90



Short Cost Unrealized g/l:

11/14/2006

Wow this market continues to move upward to the moon, when will the true consolidation show up? Today's movement is not justifiable because it moved near the end and it was sparked by one of the Fed's member making a comment on inflation. But, even if inflation is tame what else can propel these over bought stocks. With that said ,I've started two shorts these past few days, one on ffiv at 71.27 and the other is mstr which I shorted last Friday at 123. So far they are in the dumps but time will tell when the bears will roam the street. Also sold all my uso for -14/share, the oils weren't doing anything I needed the dead money. This week will be volatile with cpi and option expiration on Friday.

Longs Cost Unrealized g/l:

uso 65.70
sndk 51.90
ntri 64.40


Short Cost Unrealized g/l:
ffiv 71.27
mstr 123
wfmi 48.11

11/9/2006

A bit of good ole fashion consolidation after these record breaking few days. But, personally it still feels as though the market wants to continue the run, so this is a bit healthy move by the market. Yesterday, I covered jnj for -.80/share, I should have hold it longer since the Democrat won Congress and it would have been a +1 instead. Also, shorted wfmi at 48.11 on yesterday's move up, this company's double digit return is over, it should come down further with more competition from the regular grocery chain getting into the organic game. Today, sold all of bhi for +1.70/share after the NG report, the oils have made a comeback since Oct and I decided to take profit. It can move up higher with all these draw down on distillate and NG, but it can also reverse with a cool winter. Made a daytrade short on ffiv for +1/share, this stock is very volatile and moves both way very quickly. So not a bad day for my portfolio for a down market.

Longs Cost Unrealized g/l:

uso 65.70
sndk 51.90
ntri 64.40


Short Cost Unrealized g/l:

wfmi 48.11

11/7/2006

Today's follow through was a surprised to me, but I had a feeling it will retrace near the end and it did just that. So with that thought, I shorted and covered ffiv for +1/share, it just ran up too high for comfort and it was a great short setup. As for tomorrow, the market should be retracing a bit, if it doesn't it will next week. Either way the market is getting too excited and with nothing new to propel it higher it should drop.

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

11/6/2006

A huge rally on all the indices for today. I just don't know why the big moved up, was it the merger mania Monday or the coming election, it just puzzles me. The funny thing is that today's one day rally made up for all of last weeks lost. So the bulls are still out and having a field day. But, as it goes higher personally I'm getting bearish at these lofty levels.

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

11/2/2006

This markets wants to consolidate but the buyers keep on propping it up with all the new institutional money pouring in for the new month. I think it is a wait and see strategy the traders have implemented. They are waiting for the job number on Friday and how the election plays out between the two parties. As for myself there just aren't that many plays with a non volatile market and the earning season is starting to dwindle.

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