KBH and CHK sold

I simply took some profits on the recent KB Homes run. I still have a position and I'll buy more as it dips.

I wish I had taken profits on Chesapeake Energy. With the company's last quarter this could feasibly be a $15 stock. Long term, I think the thesis of more drilling and Nat-Gas as an expanded alternative fuel source works. But I'm cutting my losses and I'll climb back in as Natural Gas stops its decline.

I'm still on the sidelines with Wachovia Bank (WB). I missed the bottom and a quick double, but I have no reason to believe it won't dip back towards $9.00/share and stay there. The balance sheet is simply too convoluted for me.

--Brad