Midmornin

The other day I said I thought CHK was a good short but that I was buying upside calls just in case I was wrong - well guess what I was wrong (so far) but with the calls in place I can put more on instead if having to run for cover , it keeps the losses in check. Natgas continues to go lower so my thesis remains the same CHK is a short.
MPGpA continues its ascent - schwing!!!
The SPUZ are just hanging out with a 5 point gain on the day - I gotta tell you the jobless claims number is just bad - it means there are soooooo many people struggling out there - when you step back and think about it - its just awful - how many fights has it caused between spouses? How many kids dont understand why there parents are never happy anymore? Having a job a purpose in life is uber important - and then when you see Wall St. cheer the horrible news??? Ahh life can be very cruel. As a trader I basically eat what I can kill if you know what I mean - I have gone thru times where I ate very well and times where mac and cheese looked good. Oh well - I hope the job situation gets better for people but down deep Im pretty sure it wont.

JB