Option Investor
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Dropped Entries

New Watch List Entries 
Conoco Phillips
Occidental Petroleum 
SUN Sunoco 
WMBWilliams Companies 
CVXChevron Texaco 
FDXFederal Express  
SMHSemiconductor Holders 
XMSRXM Satellite 

The oil stocks are listed for reference because the actual prices are so far away from where I would like to get an entry. I am hoping for a sharp correction when it comes and the spring demand slumps.

COP - $112 Conoco Phillips

Conoco is my first choice for an oil stock once the current trend eases. I would like to get an entry around the 100-day average now at $90 but rising. This has been a good support level in the past.

OXY - $71.35 Occidental Petroleum

OXY would be my next choice with the same 100-day average as an entry point. That is currently $59.

SUN - $98.49 Sunoco

Sunoco has a very nice chart with a slow and steady upward climb. I would hope to get an entry around $85 but it could be several weeks away.

WMB - $19.28 Williams Companies

Williams would be my cheap leap candidate due to its low price. Target a drop back to $16 and the 100-day average.


FDX - $98.49 Federal Express

Target $96.00 for an entry on the next pullback.

2006 $100 LEAP Call WFX-AT currently $7.80, target $6.50

SMH - $34.45 Semiconductor Holders

Target $35.50 as a breakout entry

2006 $35.00 LEAP Call YRH-AG currently $3.70
2006 $40.00 LEAP Call YRH-AH currently $1.70

JNPR - $21.63 Juniper

Watch Juniper for an entry at $20 but no strikes yet. We want to see a base built or at least some evidence it is not going lower.

XMSR - $28.72 XM Satellite

Strong support at $25. We will look for a bottom to form before deciding to enter.

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