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