Globalsantafe Corp.

[thespleen]

Hi LITO, Well, I dumped my 800 shares of GSF@62.50 on 3-22 for a paltry $1800 gain (wanted more since I bought some in Dec. and more in Jan). GSF is closing in on it's 52 week high. However, I bought 200 shares of GSF back @62.90 on 3-23...this Iran/North Korea nuke saga continues and may push energy higher...as well as gasoline consumption, not to mention ongoing increased oil demand in US, India and China. I also sold 200 RIG on 3-22 for a measly $300 gain and sold 100 NE on 3-22 for another $300 gain but that was OK because I only owned it for a couple of days. As you know energy was up big for the week and the Dow continues to chug along. I simply wanted to reduce my position a bit in the drillers and let them pull back and pick up the same ones again but less shares and maybe try refiners again like VLO again or SUN. They have both been strong lately and gas prices continue to skyrocket. Analysts are saying the refiners are doing so well they are "printing their own money", lol. I just don't want to get caught in a sell-off in the energy sector. Take care. thespleen