Great Feelings

What a great feeling when you so perfectly time a bottom. Oil is standing up to the $50 price well and all the oil service stocks seem to have bottom as per my last post. SLB, HAL and RIG are all looking great. It's a shame my limited funds were already fully into a JCI trade and some CSCO and MSFT. Speaking of these guys, with all the money coming out of tech the last few days and into oil, we're looking at an oversold number coming for many really great tech stocks that are sitting pretty for the cycle of Vista and Creative Studio 2. CSCO is totally in the cat-bird seat and thrashing all the other networking providers (save JPNR?). I'm going to be following these guys. If I can free up some capital I'd like to go long on CSCO before they bounce too much.

Later today I'm going to start to look at some good dividend plays (maybe some REITs) and check out how the other sectors are looking by checking out some of these earnings reports. Along the lines of Jim Cramer's Mad Money last week, I'm going to read a few select earnings reports to gauge what the future will bring. Here's my list (old and new): SLB, UTX, FFIV, NS, COH, TXN, T and MSFT. Back to the game!