We still recommend the following SHORT POSITIONS: The first number is the price when we recommended it, the second is the current price and the third is the price to cover.
GE $37.96, $26.11, $29.00 - stopped out – re-short at $26.00 – cover at $12.00; Citigroup $46.93, $36.45, $34.51; J P Morgan Chase $36.04, $20.60, $29.04 - stopped out – but re-short for $23.00, re-short for $12.00; Monsanto (MON-NYSE) $54.00, $17.37, $19.75 - stopped out; Goldman Sachs (GS-NYSE) $82.25, $74.05, $63.27; Amazon $6.71, $19.04, $3.00; Sun Microsystems (SUNW-OTC) $10.40, $3.41, $6.25 - stopped out – re-short at $6.00; Computer Associates (CA-NYSE) $36.00, $15.21, $18.13 – stopped out – but re-short , Open; AOL-Time $32.01, $15.22, $18.00 – stopped out – but re-short for $12.00 – stopped out again – re-short at $15.22 – cover at $12.00; Fannie Mae $79.00, $66.45, $48.13; Cisco (CSCO-OTC) $17.26, $12.28, $11.04; Dell Computer (DELL-OTC) $24.92, $29.86, $16.01; Ebay (EBAY-OTC) $35.38, $63.29, $26.75; Temple-Inland (TIN-NYSE) $56.66, $42.17, $34.63; International Paper (IP-NYSE) $40.85, $35.80, $26.31; Boise Cascade (BCC-NYSE) $37.63, $23.88, $21.75; Weyerhaeuser (WY-NYSE) $62.05, $45.82, $36.06, and Georgia Pacific (GP-NYSE) $35.49, $14.69, $19.31 – stopped out.
We recommend putting on PUTS or SHORTING these stocks. They are Lennar (LEN-NYSE) short at $40.92, $53.31, cover at $24.88; D. R. Horton (DHI-NYSE) short at $24.00, $18.36, cover at $13.64; Standard Pacific (SPF-NYSE) short at $21.41, $23.13, cover at $13.31; Pulte Homes (PHM-NYSE) short at $36.19, $44.36, cover at $25.19; Toll Brothers (TOL-NYSE) $23.50, $20.20, $16.50; Kaufman & Broad (KBA-NYSE) $49.25, $67.92, $34.50; Ryland Group (RYL-NYSE) $39.22, $38.40, $36.00, if $35.00 is broken re-short at $25.00; Waste Management (WMI-NYSE) short at $31.27, $24.95, and cover at $17.00; IBM (NYSE) short at $109.50, $78.88, cover at $80.06 – stopped out – re-short for $70.00 – re-short for $38.00; Home Depot (HD-NYSE) short at $40.32, $27.28, - stopped out $30.30 re-short for $21.00; Maytag (MYG-NYSE) short at $31.11, $25.87, cover at $22.25; Dynegy (DYN-NYSE) short at $30.35, $0.81, $0.51 – stopped out; Starbucks (SBUX-OTC) short at $22.66, $22.90 and cover at $13.46; Tyco (TYC-NYSE) short at $50.00, $15.70, cover at $22.00 – stopped out – re-short for $5.00; Sears (S-NYSE) short at $36.39, $25.78, - stopped out at $25.65; GM (GM-NYSE) short at 35.63, $34.58, $30.80 – if it breaks $30.00 reset the short, then open with no cover; Proctor & Gamble (PG-NYSE) short at $89.01, $88.01, $74.08 and United Health Care Group (UNH-NYSE) short at $95.64, $95.03, $62.42. |
