Richard, Everyone is still wayyyyyy too confident. I am getting calls from 12 year old fund managers who say they have now "experienced a bear market." What a joke!. Still, there are pockets of opportunity opening in the worst places.
I like CEGE, GEnzl, Gene, Betm, Lgnd, Gztc, and Medx in the biotech area. I also think HQH and HQL are layups for instant biotech diversification. I like the discounted convertible funds as they should benefit from the flight to bonds, ACS and ECF. (As always, the caveat that I used to run ACS) In Asia, I find little to hate, but less likely ways to express my love. -g- I like the Webs EWM and EWS and EWJ. I like APF, KF, and GRR in the cef area. I am giving gold stocks the hairy eyeball again. NEM and NGC are my favorites, along with ABX. I still love my platinum cos., Impala and SWC. In the gaming area, I think BETM is a great co. going cheap, and am speculating on CSDS.
Despite all those names, I am not expanding my cap gains list beyond the 10 pct. of my total portfolio. However, I am thinking about putting some calls into my 90/10 portfolio. I think there will be a bounce in some of the bloated tech stocks and calls could do nicely on a Dell or an Amat here. These cos are still doomed by the cycle, but most investors are dummies and will consider these prices cheap.
I wouldn't bet the ranch, but a few highly speculative calls might make some quick, easy profits.
MB |
