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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (33297)	1/16/2009 1:18:02 AM
From: Spekulatius	Respond to of 78627

re open orders - well APH did not fill today. They beat earnings and stock surged. I did buy more SNI(21.2$), a small batch of AOB (4.32$)and some TOT (48.8$). I actually sold TMO at 37.9$ since it reached my near term target. BAC apparently getting TARP'd a second time. If C's earnings are a total disaster there are going to be nationalized over the weekend, if not they have a few more weeks to live. Not sure the market gives a hoot either way, so i think we are going up for a little bit. I thought a bit about energy and what I want to own. I settled on TOT which I owned before (and also own via Pargesa). I think they are better managed than RDS-A. BP has a high dividend problems but problems in Russia (COP as well). the US plays CVX and XOM are fairly valued at this point. I think the majors and the E&P are better than the drillers or oil service companies. I think the latter are going to be massively hammered this year by lower demand for serves,cancellation, non-paying customers and lower dayrates. The drillers may be better trading vehicles but short and medium term I think they are going to a lagging in the recovery if it comes eventually.