Wednesday, October 10, 2007
Buying APA this morning - 100 Shares
Was selling it down after monster gains with a plan to re-acquire following a pull back. Seems that it isn't interested much in pulling back. The daily and weekly charts are bullish and the monthly chart just turned downright uber bullish. So, while I am not re-establishing a full position at this time, given I am entering essentially on the monthly signal, I am adding to my position here. This buy together with the purchase of D is counter to many out there that think the energy sector is too risky at these levels; however, the money is made when there is a "wall of worry". This ensures that there are those out there that have not jumped in or have sold in anticipation of a pullback.
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