The following issues have moved into the area that has alerted us to place
EPEX - Oil prices dropping to under $63 still has weakness spillingr into the general energy sector ,EPEX still holding its own closing slightly above $30. The issue will of course remain on our WATDCH LIST. We are looking to hold support at this $30 level If we can not support this critical area, we may be forced to close out the current
GRA - Also even after yesterday's after hours run up to over $13.00, the stock readjusted in normal day trading and closed at $11. GRA's initial break below $12 put this issue on our WATCH list and it still remains there. With GRA currently trading at $11.00 will be looking for support between the $11 - $11.50 area. Further weakness could cause us to be alerted to potentially exiting this position on any major close below the $11 area. WATCH CAREFULLY
OVTI - (REMOVED FROM WATCH LIST) The stocks action today moved the stop off of the WATCH LIST with a close of $25.95, well over our WATCH LIST price of $24.50. With OVTI currently (trading at $25.95, OVTI is being taken off the WATCH LIST.
Currently EPEX is the one that we are considering possibly exiting at this time , if EPEX's weakness conitnues. The easing of energy prices may continue to put pressure on this issue and may cause us to potentially liquidate this position. We will keep you advised.