Ann: Market Update, page-11

Buyers on top yesterday which is go to see. When I check the shortman report there was a major spike in shorts taken on Monday 8th which was the day of capitulation. I now think the main stimulus for the fall was the Conoco Phillips announcement re: slashing cap exp budget 20% for 2015 which could be seen by some as a forthcoming trend.. I'm going to stay away from this one because the margins concern me and I don't think they can handle a major shock.