EDGE TRADER

Thursday, September 08, 2005

Good Morning



One of the focuses for the market today is crude, once again up for the day. However, the big and less talked about issue coming up is the cost of home heating now thanks to the corresponding price in nat gas.

My long positions are for the most part running nicely. LGF made a surprise move based on the market digesting some strong insider buying of late.

ALTR has been slightly up to relatively flat this morning and had a downside breakout at about 10:30, but appears to be bouncing off support at about my entry price so the exit may not come until later.

CHK is doing a convertible stock issuance, which the market didn't like, so that position is taking a bit of a hit today. I may take my money and run at the open tomorrow.

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