There was no commentary on any of the market action last week, because I was out of the country with very little Internet access.  I am just catching up on everything right now (emails, blogs, work, etc.).

First, I will give an extremely brief overview on TRLG.  I'm no longer as bullish as I once was, although I can see some prospects there.  Growth has slowed down dramatically, and the company's 2007 estimates were my 2006 estimates.  Women's growth has slowed down, and International sales have been pretty lackluster.

That being said, I'm still holding onto my Jan 09 $20 calls, and may purchase some more LEAPS if the price breaks 15.  The company has more cash than they know what to do with.  They are changing management around, and they have still retained Goldman Sach's services.  If you ask me, they're either setting up to buy themselves out or get bought out.

The more exposure I get to Apple products the more and more I like them.  I just bought a Macbook on Tuesday evening, and I LOVE it.  When I begin looking to go long, I will be buying shares of Apple.  They are turning into a consumer electronics powerhouse.

I still think we're going to see continued weakness in the markets.  Last week's gains are almost entirely wiped out now.  Still maintain the same view, and I'm very happy to be sitting short on CFC and WFC.  I expect some kind of "surprise" to come out of the credit markets again within the next couple of months, even though the writing is already on the wall.