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Wednesday, August 17, 2005

Good Morning.

After yesterday's big energy stock sell off we are at least starting the day quietly in the news department. Nothing to speak of and no upgrades or downgrades (at least not yet).

It is encouraging to see insider buy showing up in a few of these companies that have had good runs. At the very least it says the company officers have some confidence in even higher prices down the road. They certainly don't make open market purchase on stocks because they want to lose money!

As always eyes are wide open. We've been selling off pretty much since the xx-dis dates on a lot of these companies...i think a trading bounce is in order.

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