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