Hmm...it could be the issue of memory, since I was in bright light then shade. I also tend to use hyperfocal distance and was stopped down all the way to f22. Since it seems to be right 80% of time this is definitely not an "accuracy issue"...I know it is averaging, but is it centre weighted..it could be that my readings are off the wrong location...I just thought that given the fact that it was exposing correctly in bright light, then in the shade it would be OK...but if it has a memory of what it just measured in bright sun, it would under expose in the shade. Will test it with a gery card, but it was quite consistent with the sunny 16 rule...Thanks all.
Hamster, I have not noticed it was off with the focusing, but I have been basically working off the hyperfocal distance most of the time. I do note that I used it for low light photography once with an f1.4, and it nailed the exposure evrytime. I am leaning towards the memory issue raised by Rol Lei Nut. K