12/1/2006

Another wild down day and then it rally hard near the end, this market just wants to go up no matter the ugly ISM number. I've never seen a more resilient market then these past months. So what will December bring because Santa came in July and is still here cheering us on. Today, covered half of slb at +.35/share and the remaining at +.85/share. This stock has some major support at the 68 level, it is definitely a floor it won't go below. Then daytraded cake for a tiny +.18/share, it was a terrible entry and was lucky to scalp this small amount. Also, holding a long position on hd at 38.80 on the speculation of a buyout. Will see how it runs on Monday, and was a bit surprised the shorts didn't cover near the end to propel it above 39. It should pop around the 39.25 area on Monday for me to get out with something. Overall, a good week for my portfolio and onward to next week.


Longs Cost : hd 38.80

Short Cost: