Enough blood in the streets ? - No.
If you're referring to the overall market - not even close. I'd say 7850 down to 7500 if we see it, would be a good level to start.
My speciality is Bank stocks, I'd be buying there and these are on the watch list at 17-20% lower from here; RMBS, QWST, LVLT,PMCS,TXCC, and MSFT, WCOM, CSCO, AOL @ 20-25% down from here -- I'll only be swayed to the overall market at these levels...INTC @ 72-74 & maybe AMAT in the sub-basement.
You shorts over @ the Invest LTD board ought to be salivating !
Here in the patch; RDC, EVI and more DRQ on dips now, the MARGIN monster is still ''on-leash'' and will not be released in the patch full throttle untill $16 oil stabilizes, good OPEC cut #'s and then I'll be buying on margin accross the board to stocks like RIG, FLC, DO, CDG, MDCO, DRQ, VRC, FGII, RON more HLX & OMNI then land dogs like PTEN, UTI - more BDI, and for some 3-5-10 year long term plays in CLB, SCSWF & CXIPY - I really like these 3 way down the road... that's pretty much my 'patch list. - oh yeah; TCMS may get another chance & a couple of micro caps.
I'm buying more small-mid cap E&P companies than driller/service stocks presently. - I like swinging for the fences ! SGO, POG, FEN (big dip today ! nice-buy), CWEI, BSNX, EVER, THX, VPI, MEXP and a couple of larger caps in APC & NBL - I really like the natural gas plays here; many selling @ 1 1/2 x cash flow like CWEI and others at 2-3 x cash flow where the historic measure is 5-9 times cash flow and some high potential Exploration projects with stocks like FEN & pure asset plays like SGO - whom Hall of Fame Oil Analyst Fadel Gheit calls the ''cheapest stock bar none.'' |
