Activity Report - 9/1/06

Bought ORB today at 18.75. I'm not thrilled with the stick, but volume breakouts are always fun. I don't expect this to be an immediate "shoot to the moon", but I feel there is significant room for it to grow in the near future.

I really tightened up the stops on the big floaters that don't fit into my revamped model portfolio. They are: XOM, CMCSA, GIS, ORCL and BUD. It they hit my stops, I'll take the cash. If they don't, so much the better.

With ORB, I started investing a percentage of my fund value vs. an even number of shares with a cost cap. I'll be putting roughly 4% of total value into each position, or 25 equal cost positions. The percentage will shrink and the total positions will grow as the value of my account (hopefully!) grows.

Short week next week!