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