Tomorrow

SPUZ are decidedly unchanged after the rip in to the close. I know of 2 IPOS for tomorrow and 3 secondary offerings. I have indicated for shares in one of the IPOS and 2 of the secondary deals - so we'll see how we do. Last time I saw this many secondary offerings in a few nights time the S&P dropped from around 950 to 872 over a 5 day period or so. I dont know where all of the cash comes from to buy these deals we take small allocations 4 to 5k shares....but these offerings are millions of shares...where does all of the cash come from?? Anyways we are two trading days away from July being history, heres hoping my positions work well in the next two days (HOV short, HOVNP long Im talking to you) because I want to show my investors a decent monthly return. We are up just shy of 10% for the year...I would Love to get to 10.5% this month

Have a good night -

JB