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Frank Pembleton

09/22/06 3:39 PM

#16785 RE: ItsAllCyclical #16784

I took a few positions in the PM sector towards yesterday's close-- sold everything after the first hour of trading-- don't like it when stocks gap up on light volume and start to sell-off immediately afterwards-- took a small profit.

anyway, added some energy about an hour after that, sold everything (again) when they started pulling back and gave away my small profit from the first hour

Now my margin account is at 100% cash.

I'll try again on Monday-- I suppose the sell-off continues in the morning-- I'll look to buy after the first hour.