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