I'm still around, but staying awfully busy with projects at work, so I haven't been posting much. The sleuths on the Yahoo board are pretty darn good at digging up fundamental information to which I am unable to add.
On the technical side, a pullback to 33-34 was good, but resistance has moved up to 37-38. I sold the few shares that I bought a couple weeks ago for a quick 1.5 point profit, and have been considering buying back here, but SFY remains my largest holding, dominating my IRA which is the only account in which I have any cash to speak of. I did pick up some CPST in another account, expecting to cash in the the energy bubble that I think will form soon. But those NG prices will have to perk up in order for any bubble to happen.
By the way, it is awfully hot in CA these days. I left work at 7:00 last night and it was pretty hot. By 7:30 it was even warmer (driving through a typical hot spot). We nearly turned on the AC at home last night.
A nuke plant in CA is coming back on line very soon, so that will add to generating capacity. A new NG plant somewhere in the country, here in CA I think, will be online within a month. |
