10/6/2005

Mr. Fisher Prez of the Dallas Fed. Reserve, thank you for giving the market an early Halloween. Again you have spooked us in selling, but not for me I'm buying a bit here and there. Today, sold sbux for +1.35/share ( just wanted out because discretionary stock will get hit if recession hits), sold apc for +.40/share a quick in and out , wanted to go back in at 86 but was not filled, thus replaced it with xto at 40.40, and finally added some more share to dvn for a cost basis of 63. The oil/natural gas continue to selloff but the selling should be near. The market is just trying to priced these commodity related stock, if it goes down further tomorrow, I'll continue to nibble at it. Even though all my holding are under water right now, I believe this is just the fear that has set in and it is a buying opportunity on the oil/natural gas.


Current unrealized g/l:
vrsn -2.40/share
sndk -0.90/share
chk -3/share
xto -.10/share
dvn -1.20/share
tso -2.30/share