Oil Rigs in the Gulf

I booked profits in the following names: SunPower Corporation [[SPWR]] & MEMC Electronic Materials, Inc. [[WFR]] .

Holding LDK Solar Co., Ltd. [[LDK]]

Side Note: ev3 Inc. [[EVVV]] still looking good.

Just a second ago I watched [[USO]] tick negative, WTF? However take a look at gas, steadily rising. Last night Chivas made an excellent point saying he’s looking at the refiners, I agree 100% and have been building a position in Valero Energy Corporation [[VLO]] over the last few weeks.

This morning I just made it my largest holding. I remember when Katrina hit I watched VLO & NOV move about 4 points a day– for a week.

Look no further than National-Oilwell Varco, Inc. [[NOV]] & Valero Energy Corporation [[VLO]] for your hurricane plays.

Note: VLO took control of the 50 MA this morning.

Disclaimer: The author of this post is heavily long VLO & NOV.

Buys:

more National-Oilwell Varco, Inc. [[NOV]]

more Valero Energy Corporation [[VLO]]

Almost Family, Inc. [[AFAM]]

ev3 Inc. [[EVVV]]

Sells:

Energy Conversion Devices, Inc. [[ENER]] , will re-enter upon a new 52 week-high.

Almost Family, Inc. [[AFAM]] has formed a nice ascending triangle pattern.

Watch for a breakout to new highs.

ev3 Inc. [[EVVV]] is another medical device play on the verge of breaking out.