Here is the new (improved?) growth portfolio (STGP). I made it up earlier in the day but was too busy with the market to post it any sooner (more on this later). techstocks.com none SI members can access it at techstocks.com There are 16 stocks here from very diversified industries to reduce the sector risk. Also, the recent turbulance has prompted me to create a portfolio that scarifices some growth in favor of a good night's sleep. Don't get me worng, these stocks still have great growth. It is just that this growth does not cost an arm and a leg. The index to compare these with is Russell 1000 Growth which was at 682 last night. Therefore, I "invested" $682 in each stock here. As always, let technical analysis be your guide as to the entry point. You can buy most of these cheaper today than yesterday <g> so don't wait too long.
There are also 3 companies from Canada that I like. They trade on TSE under the tickers MTL, TBC.A, and YF.A You can look at their charts at Yahoo as MTL.TO, TBCA.TO, and YFA.TO. I know all 3 companies and they all have superb management (including YF which has been crushed lately). Speaking of foreign companies, all the LatAm banks that I told you about last week have been doing well, as was YPF which got a cash take over offer last night (I knew about the very strong possibility of the take over, as did most of Wall Street). The key to timing a take over that you know of, is to look at the options market. The number of out of money options that were traded last night on YPF was staggering.
As far as the rest of market today goes, it SUCKED! Psychology told me two days ago to buy EBAY at the open yesterday and sell it at the open today and then go short (buy puts) around 218. I did the first part, which was very profitable (about 40 points), but I could not bring myself to go against EBAY since it was acting so well around 218. So I went for lunch, and when I came back EBAY was at 200! Not to mention that the bonds fell like a stone and many of my stocks showed...well let's not discuss that. All this in a very short period of time. I am tempted to get off this market and stay low for a while. Anyway, bonds are at a critical level and if the cash bond's yield goes above 5.72, then look out down below.
Sun Tzu
BTW, did anyone hear what Jerry Favors said today on CNBC? Was it anything useful? |
