3/7/2006

Another negative sentiment day, starting with TXN's lower guidance which shooked the semiconductor and tech stocks. Then the increased fear of higher interest continues to spook the markets. I was reading an article on the fear index and it shows that we are right near the border of entering into the extreme fear area, currently we are in the mild fear area. Well before we enter the extreme fear area we should bounce abit and let everyone that needs to get out (like myself with the oil stock) get out before it drops to the extreme fear area. Then when everyone continues to dump, it will to a buying opportunity again. So with todays down day, I added to my positions on nbr and initiated a new buy on hal at 65.80. Tomorrow's oil inventory should be interesting to watch to see will it bounce the oil sector up a bit.

Longs Cost Unrealized g/l:
dvn 60.11 -3/share
wfmi 65 -1/share
nbr 66.50 -2.25/share
anf 59.09 -2/share
hal 65.80 +.60/share