Potential Long-Term Plays

I have had a few requests asking for some longer-term picks, with a 1-6 month time frame. I personally used to trade and hold equities with a 6-8 month time frame; however, the market has changed a lot since 2007. Below is a list longs I would buy, if I was a mutual fund manager. I consider these value plays, with rich balance sheets. Some of these are commodity ETFs, because I think it pays to have Gold or Silver. I bought tons of Silver and SLW in late 2008; however, I currently have no position. Precious Metals, in my view, should not be more than 10% of your portfolio. Lastly, I would say that given the current run up in the market, I would “scale” into these positions, meaning don’t buy all at once. Look at the lows on these names and try to compare entry points. The S&P was up 10% last week and up another 1% this week, so if we retest lows, you want to have some cash to rebuild positions. Note, I don’t have any financials because the sector is crazy but if I was forced to make a few picks, I would look at NLY for a fed GSE play, or look at V or MA, who make money on transactions, not carrying the debt. For a pair trade, I might even consider getting long V or MA and short AXP or COF. Another thing I would consider doing is writing covered calls. Let’s say I was long 100 says of Dell at $10. I would sell out of the money calls, say $12 strike for $.40 (and I get $40, .40 *100). If Dell does to $12 or above, I have to sell Dell at $12 and I get a $200 gain, plus the $40. However, if Dell stays at $10 or $9, the option expires worthless and I get to keep the $40. So, the way I look at it, the $40 is a nice dividend, but my upside is limited; however, I got a little “coin” in my pocket in case the stock doesn’t do anything. Anyways, below is the RF long portfolio and you can buy them at these prices now and will be fine for the next 3 to 6 months:

NTGR (Tech – Communication Equipment)
TTWO (Video Games)
KBR (Oil – Services)
HUM (Healthcare)
UNH (Healthcare)
PCR (Heavy Construction – tied closely to casino construction but could hit $20)
FWLT (Heavy Construction)
DELL (Tech)
FLR (Heavy Construction - be careful had 5% of backlogs canceled)
WFR (Solar)
LOGI (Tech – Computer Perp)
APPL (Tech)
MYL (Generic Drugs)
ISRG (Medical Equipment)
CSCO (Tech)
BMY (Drug Manufacturer)
ICE (Stock Exchange - I think they will get the credit default swap open exchange)
JOYG (Farm/Construction Machinery)
SLV (Silver ETF)
GLD (Gold ETF)
FXI (China ETF)