Doug Kass, Short Seller

05/19/08....should the market continue to ramp up, Doug Kass will jump off a small cliff into a pool of sharks...

Out to Lunch Indefinitely

Hanging out at www.ibankcoin.com

Today's Sector Buys

Todays sector buys:

Energy:

Stone Energy (SGY)….$65.85

Fording Canadian Coal(FDG)….$62.88

Industrials:

Genco Shipping(GNK)…$70.16 (short term trade)

Materials:

Gerdau S.A.(GGB)….$38.19


Disclaimer: This information is for educational purposes only. The stocks listed in this post are those purchased by the author and are not necessarily appropriate for all investors. This information should not be construed as a recommendation to buy stocks, as it is not sufficient enough to be used as the primary basis of investment decisions. Please consult your personal investment advisor.

Focus on Stocks

Update on current Focus stock portfolios. My Focus Portfolios consist of ten stocks that are for aggressive to very aggressive investors. These stocks require a cast iron stomach, as the volatility is high. However, the rewards can be commensurate.

On 04/14/08, I bought:

Agrium [[AGU]] @ $74.95
Apache [[APA]] @ $133.70
Cleveland Cliff [[CLF]] @ $146.59
Companhia Siderurgecia [[SID]] @ $39.88
Devon Energy [[DVN]] @ $111.69
FMC Technologies [[FTI]]@ $63.39
Murphy Oil [[MUR]] @ $89.25
Lindsay Mfg [[LNN]] @ $108.76
Mosaic [[MOS]] @ $123.08
Permian Basin Royalty [[PBT]] @ $25.22
From the names you see, this is a concentrated portfolio of stocks.


Yesterday, 04/21/08, I bought seven stocks:

Apache [[APA]] @ $141.71 (adding to position)
China Mobile [[CHL]] @ $85.16
CONSOL Energy [[CNX]] @ $88.13
Flour Corp [[FLR]] @ $160.60
Mechel Open [[MTL]] @ $155.54
Monsanto [[MON]] @ $128.52
Rio Tinto [[RTP]] @ $497.28
These stocks were selected from different sectors and industries to achieve more diversificaton.

Disclaimer: This information is for educational purposes only. The stocks listed in this post are those purchased by the author and are not necessarily approppriate for all investors. This information should not be construed as a recommendation to buy stocks, as it is not sufficient enough to be used as the primary basis of investment decisions. Please consult your personal investment advisor.

Pull The Damn Trigger

I've been having fun picking targets out. It's almost getting ridiculous. Lots of stocks starting to give me buy signals. This market is about to bust loose and shoot some bears in the balls.

Here's what I've been buying for short term trades:

[[APA]]...still a buy under 142.

[[CLF]] ...it still looks good to buy up to 152.

[[SID]]...buy it up to 44.

[[FTI]].. bought around 66. Buy up to 69.

[[MUR]]..looking real good. Bought under 90. Good still up to 93.

[[MDR]] looks interesting here under 60. I may pull the trigger on that one tomorrow.

[[GHM]] is another candidate. It closed at 52. A breakout to 54 would propel it up to over 60 in no time.

There are many more: [[DVN]] closed at 116.63; [[MOS]] at 136.82 still looks good; [[OXY]] at 83.19 is going higher; if you don't mind paying $500 a share, look at [[RTP]]; [[TNH]] @143.45; [[ATW]] under 109, etc., etc., etc... See? It's starting to get ridiculous.

So many stocks begging to be bought, and not enough money to fill the orders.....

Bullish Ideas

For those of you in the Bullish minority, here are some trading ideas for the near term:

GILD closed at 52.00 yesterday.




Big base breakout. Looking at a target range of 69-70 on a market rally.

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BNI closed at 95.54 yesterday.



Bullish price objective is 117. Very nice looking chart.

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CHRW closed yesterday 59.74.



Look at the demand that comes in at 52-53 levels. Huge base breakout from there. The PnF horizontal count puts this stock at a $94 price objective on a longer term rally.

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and finally….the egregiously irrational MTH, which closed at 21.84 yesterday.



Target: $35. Look at the bottoming pattern. George Costanza, do the exact opposite of what your common sense would tell you.

Disclaimer: Trading stocks involves risk. You could, and should lose money (just to keep yourself humble).

Green Light

In Barron’s they highlighted that on 01/22/08, only 13% of stocks on the NYSE were trading above their 200 day MA. Currently, that number has risen to 30%. This potential rally could take stocks up to the 40% level.

In the Ag sector, I still like MOS even here at the $120 level. New money might want to take a partial position here and then add on a pullback. Look for $150 on a target, with a potential for at least $170 within 12 months. Don’t rule out a special dividend, either. This company is making money hand over fist.

In steel, take a look at AKS currently trading around $63. The price target I’m looking for within 12 months is $92.

I know, I know. Very optimistic.


Disclaimer: Buying stocks involves risk. You can lose money. This info is for educational purposes only. Do your own research before making a trade.