Snowed in

WE finally managed to extricate one lane out of our driveway, I'd say we got 16-19 inches last night so shoveling was fun. Now its off to work for a few hours, then back home to shovel out the other half!

Moves today, the market got some broad based good news from Portugal about their bond sale, so everyone is super happy, oil prices continue to climb despite as I read the futures are sitting on close to 400 unsold barrels in March. Waiting for that bubble to pop.... TCK continues its irrational climb on the back of the even more irrational price of Copper which continues to go through the roof. Again speculation (like oil) is driving these commodities, and when the music stops, you do not want to be holding it. (on the long side- as a short term/near term it could be very good, I'm looking for an in at the end of the month, and I'll keep it posted)

Put in sell orders of our two momentum trades from last week, INTC and GLW, I'm asking 1.34 on INTC 20's for Jan, and .64 on the GLW 20's. The Intel should net ~20% while the Corning a nicer 68%.

Look to the close for clues to tomorrow, I expect earnings reports to be good (again) but this will be the end- costs have been slashed to unsustainable lows, yet these efficiencies will be expected for at least 2 more quarters, and I don't see too many making that stick.

***Update GLW got hot around 2 so if you are still in the option is over 1 now (which is when I bought it originally what I was shooting for. I'm out at .82 missing .20 on the up move. Bummer)