Wednesday, August 12, 2009

RF Position Update

BAC - Paulson just loaded up and the guy is flawless. This bank is still cheap and I believe it will hit $25-$35 by end of 2010 or early-mid 2011, pending economic conditions.

F - Long-term hold, management is doing everything right. If you are trading it, now is probably good time to rang register for nice 60% wins. I am holding tho.

Short ESS - Want to hedge and believe this REIT is fully priced.

QID and Short QQQQ - Hedge, in case we fall out.

RIG - The best driller than I can find. Near-term will face problems; however, long-term this will be a great buy and if oil hits $100 by next summer (which I believe) RIG will print $90-$110.

STAR - 4G - mobile play. Would have liked to get cheaper, say $18-20 but if it dips there, I will add more. Great story and will be huge player in the biz.

UNG - Natural gas will turn in time but supply gluts are here. Hurricane can drive nat gas up...will hold it out.

ENTR - RF stock under $10 special (yes, I will be back with another in the next week) but will hold out. Every box Verizon sells for Fios has 3 ENTR chips in it, so more VZ subs, the more boxes. Verizon is working down inventory.

LVLT - Communication spec play. HIGH UNCERTANITY but I think this is a take over target.

AMD- HIGH UNCERTAINITY. The bet is last Q was margin trough. Will either be $2.50 or $5.50 by year end, flip your coin.

SLM - should have took profits but too late now, long-term financial bet that i think can hit $11+

VALE - China iron ore producer

RTP - China iron ore producer

WY - Housing play - get your timber on

FCX - long-term hold, best gold and chopper miner out

SVR- Not liking, we sell and buy more TSRA with cash

TSRA - will be my top holding over the next month - 4G play

HES - cheap oil name

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