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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (39793)	11/9/2010 10:37:26 AM
From: E_K_S	Read Replies (1) of 78462

Hi Paul Started a small position in Magellan Petroleum Corporation (MPET) based on Chevron's interest in Atlas Energy this AM. As you mentioned in your 10/25 post, MPET owns shale interests in the East Poplar and Northwest Poplar fields in Montana. This small buy complements my previous buys in SSN, MHR, GMXR and a some what larger company w/ an E&P subsidiary MDU. Also, sold a very small tax loss position in DRYS as it moves over 8% today on better than expected earnings. Covidien plc (COV) reported better than expected earnings and is up over 5.25%. This is one of the better performing drug equipment stocks selling at a value forward PE of 12.5. The FED's QE2 stimulus program seems to be having the desired effect on the $US. Seems a bit hypocritical that we are complaining that China and some of the other emerging countries support their currencies when we continue a policy that debases our currency. EKS

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