Thursday, May 10, 2007

Correction...

...which is, again, nothing but an opportunity to find good stocks cheap. CHRT: been looking at it for quite some while and now the price is very reasonable. LUKO.Y, my favourite, it's time to get into it while it's cheap: oil will be costly as summer driving season is upon us. USU undergone a small correction: this may be an opportunity to buy that will not present itself for next few months as its growth resumes. NTDO.Y has corrected also, and there's plenty of momentum in this company still. Don't expect any setbacks for at least several months. ENER: tempting, but not a bargain still. Also, it's understood to be purely speculative stock so buying off lows would be, IMO, unwise. DNDN: there should not have been a doubt in anybody's mind that setbacks will happen and now you have it, off by more than 60% in one day. I think, similar to IMClone, this level of $14 the security has so hastily abandoned will be regained within, at most, 6 months. SIMG looks cheap and delicious.

Speaking of my actual portfolio, I'm still stuck with PNW and DIVX. Need to sell at first uptick...

Meanwhile, I'm thinking about exit strategy. And for that, I'm shortlisting BEARX, GRZZX, SH, RYURX, and also FXY and FXE.

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