CC, I hate most stuff, particularly Information technology and financials. I like some small medical and biotech stocks, but I'm not betting the ranch on them as I fear they will also get wacked in the coming downturn. Names include LGND, GZTC, GZTR, CEGE, MEDX, Vaso and DRMD. I like platinum and palladium, but my favorite stocks, Implats and Amplats, have gotten very overvalued. I like Stillwater Mining, but it is a smallish North American holding and much more of a speculation than the South African mines. I like gold and own ASA, but it is up about 15% in the last 6 weeks. I still like it, but I'm not adding here.
I like American Wagering (BETM) as a spec in the gaming area. And one financial I like is my former employer, Waddell and Reed (WDR). They have a lot of their funds in more conservative mixes and they have few hot money investors, so they may prosper during a downturn.
However, I only have 10% of my portfolio long and only part of that is domestic. ASA is not domestic, but I mention it anyway, as the best gold bargain. |
