tag:blogger.com,1999:blog-75188592618650123942024-03-06T08:38:08.462+01:00Investorcrap(In)Famous last words from Stock Market Experts that help you burn your money.
Remember: you can often ask your money back if their advice is useless...Anonymousnoreply@blogger.comBlogger293125tag:blogger.com,1999:blog-7518859261865012394.post-20353706040716077722009-11-11T08:56:00.003+01:002009-11-11T09:00:32.835+01:00Louis Navellier strikes back with AAPL<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.apoliticus.com/wp-content/uploads/2009/10/apple_logo.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 100px; height: 100px;" src="http://www.apoliticus.com/wp-content/uploads/2009/10/apple_logo.jpg" border="0" alt="" /></a><br />Unbelievable. Louis bought AAPL again. After he <a href="http://investorcrap.blogspot.com/2008/10/louis-navellier-and-aapl.html">sold it at $100 in November 2008</a>, he bought it again now at $200, after it moved up 150% in 7 months.<div>I have no words to comment this guy...</div>Anonymousnoreply@blogger.com2tag:blogger.com,1999:blog-7518859261865012394.post-59663719754480433452009-09-17T15:10:00.003+02:002009-09-17T15:16:58.476+02:00What happened next...You may remember <a href="http://investorcrap.blogspot.com/search/label/FSYS">Louis Navellier's trade with FSYS</a>.<br /><br />he bought it on August 28th 2008 at around $52 and sold it on March 6th 2009 at no more than $14.59 for a <strong><span style="color:#ff0000;">70% loss</span></strong>, after trying to push it for months in his spam newsletters.<br /><br />But what happened <strong>after</strong> he sold it?<br /><br /><br /><a href="http://4.bp.blogspot.com/_d_m34WKbwYY/SrI1XU4uBwI/AAAAAAAAAzc/D3Hp2UPrdus/s1600-h/FSYS.png"><img id="BLOGGER_PHOTO_ID_5382423179521033986" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 172px; TEXT-ALIGN: center" alt="" src="http://4.bp.blogspot.com/_d_m34WKbwYY/SrI1XU4uBwI/AAAAAAAAAzc/D3Hp2UPrdus/s400/FSYS.png" border="0" /></a><br />Yes, FSYS is currently trading at $35, so if you did the opposite of what Mr. Navellier said you should have cashed the <strong><span style="color:#ff0000;">130% profit he missed</span></strong>.Anonymousnoreply@blogger.com3tag:blogger.com,1999:blog-7518859261865012394.post-17486009423506166762009-09-15T11:25:00.002+02:002009-09-15T11:29:56.391+02:00Louis Navellier and L???He bought it back.<br /><br />I cannot tell you which stock it is, since it is still in $5.000/year Quantum Growth portfolio.<br />But I can tell you that Mr. Navellier bought it on May 11th at $45.99, sold it on August 17th at $42.92 and just bought it back yestarday at $50.56.<br /><br />A 6% loss (ok, that's peanuts) and a 17% missed profit.<br /><br /><br /><a href="http://2.bp.blogspot.com/_d_m34WKbwYY/Sq9dwK5ozwI/AAAAAAAAAzU/_5_9pfk5e98/s1600-h/CNAL.PNG"><img id="BLOGGER_PHOTO_ID_5381623161872240386" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 171px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/Sq9dwK5ozwI/AAAAAAAAAzU/_5_9pfk5e98/s400/CNAL.PNG" border="0" /></a>Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7518859261865012394.post-76890201389675258322009-09-09T12:05:00.002+02:002009-09-09T12:09:53.932+02:00New buy from Louis Navellier<div>You probably got this:</div><div></div><br /><div><em>Your Top Stock Pick: Apple<br />Last week, I asked you to </em><a href="mailto:stocks@navelliergrowth.com"><em>send me an email</em></a><em> to let me know which stock you’re most interested in right now. I received over a hundred emails with a wide variety of stocks that readers like you are curious about investing in, so thank you to everyone who wrote me.<br />As I combed through my inbox, one company kept popping up: Apple (</em><a href="http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=AAPL&cc=eletter&cp=LNEL&ct=20090908&sid=YE3122&en=1241323" target="_blank"><em>AAPL</em></a><em>). So in response to the host of writers who asked me about this trendy tech firm, today we’ll take a bite out of Apple to see what this stock is made of. Many thanks to Richard F., Santosh J., Michael B., Luke Y., Lydia L., Ted, Neal V., Drew, Roy R. and all the others who wrote in suggesting this pick. (Note: You can email me your suggestions for our next stock of the week at </em><a href="mailto:stocks@navelliergrowth.com"><em>stocks@navelliergrowth.com</em></a><em>)<br /></em><a href="http://ad.wsod.com/click/8bec9b10877d5d7fd7c0fb6e6a631357/125.0.img.300x250/Insert_Random_Number" target="_blank"></a><em>Mac vs. Microsoft<br />Apple has almost single-handedly redefined the consumer electronics market with innovative products—from changing the way we listen to music with the iPod to redefining the role of cell phones with the iPhone. But don’t think this company is all fun and games. Apple continues to make inroads into the computer market and erode the market share of fellow tech icon Microsoft (</em><a href="http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=MSFT&cc=eletter&cp=LNEL&ct=20090908&sid=YE3122&en=1241323" target="_blank"><em>MSFT</em></a><em>). The Mac vs. PC rivalry is more than just a cute ad war, but a real bottom-line issue.<br />I’m a big fan of those “Mac vs. PC” ads that are all over the place—and not just because they’re funny. It’s because I think they provide a glimpse into the corporate culture of each company. You see, Apple is at heart an inventive company looking to grow by creating the next big thing. On the other hand, Microsoft is an established giant that keeps doing what it has always done well… and then using the profits to purchase a smaller company’s ideas and leverage them to even bigger returns. Apple’s strategy is obviously much more glamorous and appeals to image-conscious consumers, however both of these strategies have merit.<br />In this installment of Stock of the Week, I’ll explain how these separate strategies have resulted in very different performance for each company’s stock—and which of these tech powerhouses is a better investment right now. Let’s dive in!</em></div><div><em></em> </div><div><em></em> </div><div>First of all let me say I love Apple products. My laptop is a Mac, one of my desktops is a Mac, I use an iPhone and I believe Apple is much better than competitors (from Microsoft to RIMM).</div><div>But I do not think this is a good time to dive into AAPL. It just doubled since January. Mr. Navellier likes to jump on a stock <strong>after</strong> it doubled. I see it quite risky. Only time will tell us who is right.</div><div> </div><em><img id="BLOGGER_PHOTO_ID_5379406973965043154" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 172px; TEXT-ALIGN: center" alt="" src="http://4.bp.blogspot.com/_d_m34WKbwYY/Sqd-JDlyBdI/AAAAAAAAAzM/HE9k73EPR4E/s400/AAPL.png" border="0" /></em>Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7518859261865012394.post-37471925480262824442009-09-08T15:55:00.003+02:002009-09-08T15:59:08.618+02:00Tobin Smith and Josh Levine<div><div>If you are planning to subscribe to <a href="http://www.changewave.com/">http://www.changewave.com/</a>, you'd better have a look at the current portfolio and at the 2009 closed positions.</div><div> </div><div><strong>Current Portfolio</strong></div><div> </div><div><img id="BLOGGER_PHOTO_ID_5379095497350029490" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 342px; CURSOR: hand; HEIGHT: 400px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SqZi2uxzoLI/AAAAAAAAAzE/TCnZceWxO1E/s400/Current.png" border="0" /></div><div> </div><div><strong>Close Positions 2009</strong></div><div> </div><div> </div><div><img id="BLOGGER_PHOTO_ID_5379095490535707122" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 322px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/SqZi2VZJUfI/AAAAAAAAAy8/8g3I6Qxu_k4/s400/2009SoldList.png" border="0" /></div></div>Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7518859261865012394.post-3949491344629655882009-09-03T04:00:00.003+02:002009-09-03T04:00:00.133+02:00Louis Navellier, EXCH and PAR<a href="http://1.bp.blogspot.com/_d_m34WKbwYY/SpuzHZ2WcAI/AAAAAAAAAy0/3kuOX-jJ_LI/s1600-h/louis-navellier-buffo3.png"><img id="BLOGGER_PHOTO_ID_5376087519976124418" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://1.bp.blogspot.com/_d_m34WKbwYY/SpuzHZ2WcAI/AAAAAAAAAy0/3kuOX-jJ_LI/s320/louis-navellier-buffo3.png" border="0" /></a>A couple of sells for Louis Navellier's Emerging Growth subscribers this month.<br />In addition to some recent sell alerts (maybe I will come back oh these later on) he decided his subscribers should sell EZCH and PAR.<br /><br /><strong>EZCH </strong><br /><br />EZCH was a new buy in February 2009 issue of Emerging Growth (edited on february 6th).<br /><em>EZchip Semiconductor (EZCH) is a great company in a smart transition. With a number of high-profile products in the computer realm, EZCH recently decided to shed some of its older products to focus on high-speed networking chips.<br />This is not only a smart move in these challenging times, since it trims EZchips overhead and production costs, but a smart move in the long run as the wireless revolution demands continued maintenance and improvements to networks all around the world.<br />6 www.NavellierGrowth.com February 2009 In the past four quarters, EZchip Technologies’ sales have risen 72.2% in the past four quarters, while its earnings have risen 160%. Much of the improving profitability of the company is not only due to its strong sales growth, but also the fact that the company’s operating margins are improving after it phased out its unprofitable products and operations. <strong>The stock is a great buy.</strong></em><br /><em><strong>Buy Price $15.60</strong></em><br /><em>Buy below $19<br /></em><br /><strong>February 13th weekly update</strong><br /><em>EZchip Swings to a Profit<br /></em><a href="http://navelliergrowth.investorplace.com/emerging/issues/2009/0209-part7.html"><em>New buy</em></a><em> EZchip Semiconductor (EZCH) swung to a profit in the fourth quarter and posted a 67% rise in revenues. Believe it or not, this stock has no analyst coverage, so it’s difficult to calculate an earnings surprise, but the company did earn $1 million, or 4 cents a share, compared with a loss of $0.6 million, or 3 cents a share, in the year-ago period. Revenue rose to $9.6 million, and EZchip said that it is aiming to expand its business in 2009 and beyond, even in this challenging economic environment. The stock has trended up since Friday, and remains a great buy.</em><br /><br /><strong>March 2009 issue</strong><br /><em>EZchip has phased out its legacy products to focus its network processor products. The company also closed its NetGuard subsidiary. Overall, the company’s sharper focus on its networking chips bodes well for future growth.</em><br />Buy below $14<br /><br /><strong>April 2009 issue</strong><br /><em>EZchip Semiconductor (EZCH) has phased out its legacy products and closed its NetGuard subsidiary to focus on its networking chips. The one-time expenses may show up on the quarterly earnings report, but I have faith in the long-term prospects of this company. In the fourth quarter, EZchip's earnings rose five fold to $2.6 million or 10 cents per share compared with $0.4 million or 2 cents per share in the same quarter a year ago. Explosive growth like that proves this company deserves a place on our Buy List!</em><br /><br /><strong>April 17th weekly update</strong><br /><em>Since last month’s issue, our Buy List is up 7%, led by Top 10 stocks EZchip Semiconductor (EZCH) and Interoil (IOC), which are both up 23.5%.</em><br /><br /><strong>May 2009 issue</strong><br /><em>EZchip Semiconductor (EZCH) has been trying to streamline its business to focus more on its networking chips business. This stock has gained a lot of momentum since last month's issue, up 23% in just under four weeks. EZCH is scheduled to report earnings on May 7, where I expect another strong quarter.</em><br /><br /><strong>May 8th 2009 weekly update</strong><br /><em>EZCH: EZCH Beats Estimates, but Lowers Outlook<br />Israel’s EZchip Semiconductor (EZCH) beat estimates during the first quarter, but lowered its revenue outlook for the full year, which has taken a toll on this stock’s share price. Revenue in the first quarter of 2009 totaled $9.8 million, an increase of 42% compared with the same period a year ago. Net income was $1.4 million or five cents a share. Analysts were expecting earnings of two cents a share, so EZchip posted a solid 150% earnings surprise.<br />Shares of this Top 10 stock are down 9% since last month’s issue because one of the company’s principal customers has said that it will substantially reduce its purchases of processors from EZchip in order to consume existing inventory. Needless to say, this will significantly impact EZCH’s revenue during the second quarter. The good news is that EZchip believes that sales by this customer will continue to grow, and its purchases of our stock’s processors will return to current levels no later than June 2009.</em><br /><br />Not a single word on <strong>June 2009 </strong>and <strong>July 2009 </strong>issues<br /><br /><strong>August 2009 issue</strong><br /><em>Upcoming Earnings Reports<br />Monday, August 3: EZchip Semiconductor (EZCH)...</em><br /><br /><strong>August 7th 2009 weekly update</strong><br /><em>EZCH: EZchip Semiconductor Tops Estimates<br />On Monday, EZchip Semiconductor (EZCH) reported a net loss of 3 cents a share, but this was much narrower than analysts were expecting so the company posted an impressive 40% earnings surprise! Total revenue for the quarter also came in slightly above estimates.<br />The reason EZchip fell into the red this quarter is because one of its biggest customers decided to use up its existing inventory instead of purchasing new processors. This has been a problem for many businesses in the first half of 2009 as consumers cut back on spending. But EZCH's orders have already started to rebound before many of its competitors, and the company now forecasts it will exceed first-quarter 2009 revenue levels in the third quarter after this strong earnings report.<br />This stock is currently "on hold," so be sure to check our Buy List on Monday for any change in EZCH's fundamentals. Remember, I do NOT want you to sell any companies</em><br /><br /><br /><strong>September 2009 issue</strong><br /><em>I now want you to sell EZchip Semiconductor Ltd. (EZCH) and 3Par Inc. (PAR). EZchip posted an excellent 40% earnings surprise earlier this month, but I think the company is being a bit aggressive on their forward guidance and won’t be able to live up to their estimates. I want you to exit the stock now ahead of any possible downward revisions to third-quarter numbers.</em><br /><strong>Price around $12.</strong><br /><br /><a href="http://1.bp.blogspot.com/_d_m34WKbwYY/Spuy5QVO9PI/AAAAAAAAAyk/Gm1Z5nHIQ8w/s1600-h/EZCH.png"><img id="BLOGGER_PHOTO_ID_5376087276903134450" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 174px; TEXT-ALIGN: center" alt="" src="http://1.bp.blogspot.com/_d_m34WKbwYY/Spuy5QVO9PI/AAAAAAAAAyk/Gm1Z5nHIQ8w/s400/EZCH.png" border="0" /></a><br /><br /><br /><br /><br /><br /><br /><br /><br /><strong>PAR</strong><br /><br />In his <strong>July 2009</strong> issue Mr. Navellier told his subscribers to buy PAR. I do not have the exact date, but this issue should have been released at the very end of June or at the very beginning of July 2009.<br /><br />Mr. Navellier was writing: <em>3Par Inc. (PAR) is a leader in the high-end data storage market. The company’s servers and software let large enterprises consolidate data management while allowing differentiated service levels—in layman’s terms, 3Par’s cutting edge products allow big companies to buy less equipment and actually do more, and that saves money in the long run. 3Par’s customers include large corporations and government agencies worldwide, with a client list that includes eHarmony.com, Hilton Grand Vacations and the U.S. Army. PAR was founded by veterans of Sun Microsystems, and is the definition of a high-tech leader.<br />Needham recently initiated coverage on the company with a “Buy” rating, and with good reason. In its latest quarter, 3Par’s sales rose 36.6% to $48.5 million compared with $35.5 million in the same quarter a year ago. During the same period, the company posted a loss of $907,000, or 1 cent per share compared with a loss of $1.2 million or 2 cents per share. 3Par’s operating margins continue to improve, and it should be posting improving earnings in the upcoming quarters. The stock is a great buy and should ride the recent strength of the tech sector to big profits. </em><br />PAR price was between $11.00 and $12.50.<br /><br />Nothing on <strong>August 2009</strong> issue, but some words on <strong>August 8th weekly report</strong>: <em>PAR: 3Par Beats the Street Our data storage provider 3Par (PAR) beat Wall Street's estimates Monday, breaking even for the quarter while Wall Street was expecting a loss. The company also topped expectations on sales, with reported revenue of $44.5 million compared with $43 million in the same period last year and forecasts of just $44.4 million.<br />Even though 3Par just broke even this quarter, the company still grew sales year-over-year in a very challenging market and this should not be overlooked. The stock's market share continues to expand, and this should continue in the coming months. PAR is the go-to firm for companies looking to boost their storage utilization rates and bring their costs down, and <strong>I continue to expect big things from this stock</strong>.</em><br />PAR was already below $10.<br /><br />Finally, the <strong>September 2009</strong> issue: <em>3Par is also a sell because their upcoming earnings are in question. The company managed a 100% earnings surprise in the last quarter by breaking even instead of reporting a 1-cent loss. However, looking forward, I no longer see a repeat performance. Analyst expectations have been revised downward for the coming two quarters and now is simply the right time to exit the stock.</em><br /><br />Last week PAR closed at $9.14.<br /><br /><img id="BLOGGER_PHOTO_ID_5376087282119455714" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 172px; TEXT-ALIGN: center" alt="" src="http://1.bp.blogspot.com/_d_m34WKbwYY/Spuy5jw5s-I/AAAAAAAAAys/EGIKw6P2LEU/s400/PAR.png" border="0" />Anonymousnoreply@blogger.com2tag:blogger.com,1999:blog-7518859261865012394.post-51731085566670788542009-09-02T04:00:00.000+02:002009-09-02T04:00:00.703+02:00Robert Hsu and TSM<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeLY6-RQm2JPDYhJNtuJOK1Fet16nWOwATgO-7xrlvyjw0ROyBYVYbU9lMKNnnnKfoFrG-VWxZrCeJQgiN6vOAyVacAkmox6Ra-9_v5BbjJ3nvmWc48rr3RhcV-6baTU17aVWmtuuOueY/s1600-h/robert-hsu-buffo10.png"><img id="BLOGGER_PHOTO_ID_5233288430385339842" style="FLOAT: left; MARGIN: 0pt 10px 10px 0pt; CURSOR: pointer" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeLY6-RQm2JPDYhJNtuJOK1Fet16nWOwATgO-7xrlvyjw0ROyBYVYbU9lMKNnnnKfoFrG-VWxZrCeJQgiN6vOAyVacAkmox6Ra-9_v5BbjJ3nvmWc48rr3RhcV-6baTU17aVWmtuuOueY/s320/robert-hsu-buffo10.png" border="0" /></a>On a cold January evening Mr. Hsu wrote to his China Profit Strategy paying subscribers:<br /><br /><span style="FONT-STYLE: italic">In the current market, stock valuation and momentum become very important. Stocks that fail to maintain strong growth momentum will be vulnerable to sharp declines. In the face of slowing U.S. consumer demand for electronics and a weaker company outlook, <span style="FONT-WEIGHT: bold">I want you to sell </span>two stocks that focus on the U.S. electronics market -- Apple (NASDAQ: AAPL) and <span style="FONT-WEIGHT: bold">Taiwan Semiconductor (NYSE: TSM)</span>. <span style="FONT-WEIGHT: bold; COLOR: rgb(255,0,0)">These are not the kind of stocks we want to be in right now</span> and though I like these companies, I must advise you to sell them for now. We could very well come back when the dust settles for another go. </span><br /><br />It was a cold <span style="FONT-WEIGHT: bold">January 24th 2008</span>.<br /><br />Now let's have a look at:<br /><ol><li>What Mr. Hsu was saying a few weeks before</li><li>What happened after January 24th</li></ol><span style="FONT-WEIGHT: bold">What Mr. Hsu was saying a few weeks before<br /><br />January 10th</span><br /><span style="FONT-STYLE: italic">Taiwan Semiconductor (NYSE: <span style="FONT-WEIGHT: bold">TSM</span>): Investment bank Credit Suisse recently published a report saying that Taiwan Semiconductor should be able to withstand the industry slowdown. The brokerage firm cited reasons such as valuations near three-year lows and its size and balance sheet strength. <span style="FONT-WEIGHT: bold">I agree with the Credit Suisse's analysis</span>.</span> <span style="FONT-STYLE: italic">Taiwan Semi will <span style="FONT-WEIGHT: bold">report its fourth-quarter earnings on January 31</span> before the market opens. <span style="FONT-WEIGHT: bold">Buy TSM under $13</span>.</span><span style="FONT-WEIGHT: bold"><br /><br /></span><span style="FONT-WEIGHT: bold">January 17th</span><br /><span style="FONT-STYLE: italic">Taiwan Semiconductor (NYSE: </span><span style="FONT-WEIGHT: bold; FONT-STYLE: italic">TSM</span><span style="FONT-STYLE: italic">) said that December sales increased 31% from a year ago to 30.0 billion Taiwan dollars ($923 million). Full-year sales for 2007 totaled 322.6 billion Taiwan dollars ($9.9 billion), up 2% from 2006. <span style="FONT-WEIGHT: bold">The increase in sales is a good sign for the company. Buy TSM under $13.</span></span><br /><br /><br /><br /><span style="FONT-WEIGHT: bold">What happened after January 24th</span><br />Mr. Hsu did not wait for the earnings report on January 31st and told his subscribers to sell on January 24th.<br />He suggested (better, he ordered to buy it below <span style="FONT-WEIGHT: bold">$10.50</span>) in his October 2006 issue of China Profit newsletter:<br /><span style="FONT-STYLE: italic">TSM is truly a world-class semiconductor company. After my visit to the company, I’m more bullish than ever about its prospects. <span style="FONT-WEIGHT: bold">Buy TSM under $10.50</span>. <span style="FONT-WEIGHT: bold">I’m targeting gains of 30% over the next six months</span>, and maybe more over time.</span><br /><br />So Mr. Hsu was targeting at least <span style="FONT-WEIGHT: bold">$13.50</span> but <span style="FONT-WEIGHT: bold">TSM </span>never passed <span style="FONT-WEIGHT: bold">$12</span>...<br /><br />On January 24th TSM closed at <span style="FONT-WEIGHT: bold">$8.64</span>, a <span style="FONT-WEIGHT: bold; COLOR: rgb(255,0,0)">-17%</span> for Mr. Hsu. But doing the <span style="FONT-WEIGHT: bold">contrary </span>he said and buying that day would have given the opportunity to sell over <span style="FONT-WEIGHT: bold">$11</span> between <span style="FONT-WEIGHT: bold">May and June 2008</span> for the <span style="FONT-WEIGHT: bold;color:#ff0000;" >27% profit Mr. Hsu missed</span>.<br /><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyJhNS5lNGObXgIsAWFJLmWJ6Ho2zxYGvC5xcOD7_xGW-GFdGnYJSaSxhjP3wLK3yni2dXAbD_pAOkxdkQmaofdX3tDRELTtCld2M3vDz-YX38_wxb_d8MEEF-FNAQSlYAQVgW_5y7cfs/s1600-h/TSM.PNG"><img id="BLOGGER_PHOTO_ID_5236890852771451538" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: pointer; TEXT-ALIGN: center" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyJhNS5lNGObXgIsAWFJLmWJ6Ho2zxYGvC5xcOD7_xGW-GFdGnYJSaSxhjP3wLK3yni2dXAbD_pAOkxdkQmaofdX3tDRELTtCld2M3vDz-YX38_wxb_d8MEEF-FNAQSlYAQVgW_5y7cfs/s400/TSM.PNG" border="0" /></a>Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7518859261865012394.post-48863730683873280012009-09-01T04:00:00.000+02:002009-09-01T04:00:03.340+02:00Louis Navellier and CSUN<a href="http://2.bp.blogspot.com/_d_m34WKbwYY/SpuaRgryC5I/AAAAAAAAAyc/BRwej8nKVtU/s1600-h/louis-navellier-CSIQ.png"><img id="BLOGGER_PHOTO_ID_5376060205818842002" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SpuaRgryC5I/AAAAAAAAAyc/BRwej8nKVtU/s320/louis-navellier-CSIQ.png" border="0" /></a><a href="http://investorcrap.blogspot.com/2008/11/louis-navellier-and-csiq.html">CSIQ was not the only disaster</a> in Louis Navellier's $5.000/year Global Growth solar plays. He also played a remarkable trade with CSUN. Actually, he traded CSUN twice from September 2008 and April 2009. Let's go.<br /><br /><strong>September 2nd 2008</strong><br /><em>China's China Sunergy (CSUN) is an exciting alternative energy company that makes photovoltaic cells used in solar energy panels. The company's China plant produces up to 320 megawatts of solar cells per year. The vast majority of its sales come from within China, and as this nation's massive economy struggles to reduce pollution but still provide power to its crucial manufacturing companies, solar will be an important part of the future. Global demand for solar power is expected to more than double, from 6-gigawatts in 2008 to 14-gigawatts in 2010, and the sheer size and industry of China makes it a fantastic market for this growth. But Sunergy is doing pretty well in the here and now, too! In the second quarter, China Sunergy's earnings rose to 8 cents per share, compared with a net loss of 14 cents per share a year ago, and sales nearly doubled. The analyst community was blown away by CSUN's whopping 166.7% earnings surprise and a 17.8% sales surprise! Rising costs for polysilicon, a key raw material in photovoltaic cells, has cut into margins a bit, but the company has continued to grow and now has sufficient economies to weather this increase. The stock is a great buy but it can be thinly traded, so I recommend that you only place a limit order within $0.10 of the stock's previous close. If you don't, your purchase could artificially inflate the price of the stock, and then you'd take a hit later as the market corrects. You can also spread out your purchase over several days instead of buying all at once. </em><br /><em>Buy below $12.18</em><br /><em>Buy price: $9.98</em><br /><br /><strong>September 8th 2008</strong><br /><em>Buy below $10.85</em><br /><br /><strong>September 15th 2008</strong><br /><em>Buy below $9.68</em><br /><br /><strong>September 22nd 2008</strong><br /><em>China Sunergy Co. Ltd. ADS (CSUN) was added to the NASDAQ clean-energy market index today. This should help its price performance in the near term. The NASDAQ Clean Edge U.S. Liquid Series Index will add six China stocks today, including China Sunergy. This index is designed to track the performance of clean-energy companies that are publicly traded in the U.S. The Index includes companies engaged in the manufacturing, development, distribution and installation of emerging clean-energy technologies such as solar photovoltaics and biofuels.</em><br /><em>Buy below $10.98</em><br /><br /><strong>September 29th 2008</strong><br /><em>China's China Sunergy (CSUN) said last Thursday that it had signed a seven-year sales agreement with Wuxi Guofei Green Energy Source Co of China. The deal calls for Sunergy to provide Wuxi with 10 megawatts of solar cells each year from 2009 through 2015.</em><br /><em>Buy below $8.30</em><br /><br /><br /><a href="http://2.bp.blogspot.com/_d_m34WKbwYY/SpuaJGQYUkI/AAAAAAAAAyU/1CYKwNXa5lE/s1600-h/CSUN.png"><img id="BLOGGER_PHOTO_ID_5376060061285634626" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 174px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SpuaJGQYUkI/AAAAAAAAAyU/1CYKwNXa5lE/s400/CSUN.png" border="0" /></a><br /><br />At the beginning of October 2008 even Mr. Navellier realized the situation was not good and his portfolio was full of crap. So, instead of giving <em>increasing buy below</em> prices he started to give <em>decreasing sell above</em> prices.<br /><br /><strong>October 6th 2008<br /></strong><em>Sell above $7.28<br /></em><br /><strong>October 13th 2008<br /></strong><em>Sell above $6.20<br /></em><br /><strong>October 20th 2008<br /></strong><em>Sell above $5.28<br /></em><br /><strong>October 27th 2008<br /></strong><div><em>Sell above $4.88</em></div><div> </div><div><strong>November 3rd 2008</strong></div><div><em>Sell above $4.62</em></div><div> </div><div><strong>November 10th 2008</strong></div><div><em>Three stocks hit our "Sell Above" targets last week: China's China Sunergy Company (CSUN) Ireland's Icon (ICLR), and Israel's Partner Communications.</em></div><div> </div><div>So, after having bought CSUN at $9.98 and decreasing the sell price for one month, Mr. Navellier was finally able to sell it at <strong><span style="color:#ff0000;">$4.62 for a 53% loss</span></strong>.</div><div> </div><div> </div><div>He was so happy of this performance that on <strong>March 30th 2009</strong> he decided to buy CSUN again, at <strong>$2.97</strong>.</div><div><em>China's China Sunergy (CSUN) and Bermuda's Validus Holdings (VR) join the buy list this week as we look to build on an already impressive track record for March. Here are the details:<br />China's China Sunergy (CSUN) makes photovoltaic cells used in the manufacture of solar energy panels. Through its operating subsidiary Nanjing PV, the company produces up to 320 megawatts of solar cells per year and is expanding its output. In addition to making positively charged P-type PV cells, China Sunergy is also conducting research into production of new types of solar cells, including negatively charged N-type cells. The science behind this is very complex, but in a nutshell this provides CSUN with greater versatility and a chance to broaden its market share. While some German firms buy China Sunergy's PVcells, the vast majority of its sales come from within China itself, so if it can expand its international business, the sales potential would be tremendous.<br />The company recently entered into an agreement to supply solar photovoltaic products to Global Service in Taiwan. Under the agreement, China Sunergy will supply up to 35 megawatts of solar photovoltaic products to Global Service this year. I will say that the company warned that it had order cancellations in the fourth quarter and does not anticipate being profitable until the second quarter–but I remain very confident in CSUN's profit potential. An oversupply of photovoltaic cells due to the economic downturn continues to weigh on the solar industry in the wake of a pullback in solar subsidies by Germany and Spain. <br />Last week, it was reported that China's Ministry of Finance is going to subsidize solar projects. Government subsidies are what transformed places like Germany and Spain into solar hotspots, so this is a great opportunity. With enough government support, China's domestic solar market could come to dwarf the European markets and help its domestic solar industry become increasingly dominate worldwide. CSUN broke out last week on this news and is a good buy for aggressive investors. China Sunergy may be a bit more volatile than some of our other holdings, but could easily double your money in just several weeks if the cards play out in our favor! </em></div><div><em>Buy below $3.39</em></div><div> </div><div><strong>April 6th 2009</strong></div><div><em>Buy below $3.77</em></div><div> </div><div><strong>April 13th 2009</strong></div><div><em>Buy below $3.75</em></div><div> </div><div><strong>April 20th 2009</strong></div><div><em>This week, I recommend that you sell China's China Sunergy Company (CSUN), Israel's NICE-Systems (NICE) and Taiwan's Siliconware Precision Industries (SPIL).<br />While China is still a very hot spot and the focus of our Buy List, China Sunergy (CSUN) has been pretty sluggish and has lagged behind the rest of our stocks. The stock got caught up in the broader market slide across the last week, but otherwise would have been essentially flat since its purchase three weeks ago. I want you to trade out of this stock and invest in other Chinese companies that are beating the market significantly. At Global Growth, we look for market leaders–not stocks that run with the herd.</em></div><div><em>Close price: $2.61</em></div><div> </div><div>Once again, the sell price was lower than every buy below given. $2.97 to $2.61 makes another <strong><span style="color:#ff0000;">12% loss</span></strong>, to be added to the previous <strong><span style="color:#ff0000;">53%</span></strong>.</div>Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7518859261865012394.post-40489322784846029812009-08-31T01:48:00.000+02:002009-08-31T11:33:24.461+02:00Louis Navellier and ACN<a href="http://2.bp.blogspot.com/_d_m34WKbwYY/SpuUeq8msTI/AAAAAAAAAyM/J1OjfZddT90/s1600-h/louis-navellier-buffo16.png"><img id="BLOGGER_PHOTO_ID_5376053834842288434" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SpuUeq8msTI/AAAAAAAAAyM/J1OjfZddT90/s320/louis-navellier-buffo16.png" border="0" /></a>This is the story of an old trade, the position was opened on December 2008 and closed on March 2009, but it is interesting to read so to better understand the real performance of Louis Navellier's $5.000/year services.<br /><br />Mr. Navellier decided to buy ACN on <strong>December 1st 2008</strong>, when it closed at $29.06. He wrote the following words to his subscribers:<br /><em>Bermuda's Accenture (ACN) is a familiar name in the U.S. and is the world's largest consulting firm. The company offers management consulting, information technology and systems integration, plus business outsourcing services. Consulting firms often prosper in hard times, when many companies need to reorganize and outsource labor. Accenture operates worldwide, in over 200 locations in about 50 countries, and has a wide array of government-based clients, including the U.S. Air Force.<br />Accenture's fiscal year ends August 31, and for its final fiscal quarter, its earnings rose 34% to $434.8 million or 67 cents per share, compared with $316.8 million or 50 cents per share in the same quarter of 2007. During the same period, sale rose 17% to $6 billion. New bookings for the quarter rose to $7.67 billion, a quarterly record. Looking forward, Accenture forecast net sales growth of 9% to 12% this fiscal year, on earnings per share of $2.85 to $2.93, for a low current P/E ratio of 10 to 11. Buy below $29.90.</em><br /><br />There are two things to notice in ANC's chart:<br /><ol><li>The actual price movements and buy below prices until sell date March 30th 2009 (see below for details)</li><li>ACN's trend after Mr. Navellier sold it<br /></li></ol><img id="BLOGGER_PHOTO_ID_5376053707101225666" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 173px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SpuUXPEwwsI/AAAAAAAAAyE/pgdm7HS2cIQ/s400/ACN.png" border="0" /><br /><p></p><p><strong>December 8th 2008</strong></p><p><em>Buy below $29.16</em></p><p></p><p><strong>December 15th 2008</strong></p><p><em>Bermuda's Accenture (ACN) won an $87 million contract for a new integrated tax system for the state of Maryland. The award was unanimously approved by all leading state officials, including Governor Martin O'Malley, Treasurer Nancy Kopp and Comptroller Peter Franchot.</em></p><p><em>Buy below $29.88</em></p><p></p><p><strong>December 22nd 2008</strong></p><p><em>Bermuda's Accenture (ACN) reported that its first fiscal first-quarter net income rose 26%, due to 6% revenue growth plus a lower net tax rate. The stock rose more than 10% last week on the news.* Accenture's first fiscal quarter, which ended November 30, delivered income of $479.9 million ($0.74 a share) up from $381.3 million (60 cents a share) in the same quarter a year ago. This beat analyst estimates of 68 cents a share. In addition, the company's effective tax rate fell to 26.6%, down from 34.6% a year earlier. Gross profit margins also rose, to 31.4% from 30.1%. </em></p><p><em>Buy below $32.93</em></p><p></p><p><strong>December 29th 2008</strong></p><p><em>Buy below $32.77</em></p><p></p><p><strong>January 5th 2009</strong></p><p><em>Buy below $34.82</em></p><p></p><p><strong>January 12th 2009</strong></p><p><em>Buy below $34.73</em></p><p></p><p><strong>January 20th 2009</strong></p><p><em>Buy below $32.82</em></p><p></p><p><strong>January 26th 2009</strong></p><p><em>Buy below $32.97</em></p><p></p><p><strong>February 2nd 2009</strong></p><p><em>Buy below $32.75</em></p><p></p><p><strong>February 9th 2009</strong></p><p><em>Buy below $33.98</em></p><p></p><p><strong>February 17th 2009</strong></p><p><em>Buy below $31.23</em></p><p></p><p><strong>February 23rd 2009</strong></p><p><em>Buy below $29.75</em></p><p></p><p><strong>March 2nd 2009</strong></p><p><em>Buy below $28.70</em></p><p></p><p><strong>March 9th 2009</strong></p><p><em>Buy below $27.93</em></p><p></p><p><strong>March 16th 2009</strong></p><p><em>Bermuda's Accenture (ACN) will release its fiscal second-quarter earnings on March 26. Last week, Accenture announced that it had teamed with Connecticut Light & Power Company, a subsidiary of Northeast Utilities, in a pilot program to test smart meters. This program will gauge residential, commercial and industrial customers' interest in peak time-based energy rates–meaning energy is cheaper when demand is less and more expensive when demand is high. The pilot, approved by Connecticut's Department of Public Utility Control, is scheduled to begin in June. With about 3,000 customers participating, this will be the largest customer-focused smart-metering pilot in North America. </em></p><p><em>Buy below $30.91</em></p><p></p><p><strong>March 23rd 2009</strong></p><p><em>Buy below $32.70</em></p><p></p><p><strong>March 30th 2009</strong></p><p><em>This week, I recommend that you sell Bermuda's Accenture (ACN) and British Virgin Islands' UTi Worldwide (UTIW). Both companies have essentially moved sideways since their purchase, and haven't exhibited the strength we seek in our Global Growth stocks. After lackluster earnings reports, it's now time to sell.<br />Now more than ever we need to make sure we hold only the top international companies since the potential for profits in the coming weeks is tremendous, so I don't want you to be stuck in a run-of-the-mill stock that is standing still. Cash out your positions in ACN and UTIW, and get behind our new buys instead.</em></p><p><em>Close price was $27.83.</em></p><p><strong>Note that the sell price was lower than every single buy below price in 4 months.</strong></p><p>And after Navellier's sell order? What did ACN do? It moved from less than $28 to over $36 in August 2009. So, in addition to the <strong><span style="color:#ff0000;">4% loss</span></strong> (actually peanuts) Mr. Louis Navellier also scored an impressive <strong><span style="color:#ff0000;">28% missed gain</span></strong>.</p><p></p>Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7518859261865012394.post-10414269634492439552009-08-27T08:00:00.000+02:002009-08-27T08:00:01.476+02:00Robert Hsu and CSR<div><a href="http://3.bp.blogspot.com/_d_m34WKbwYY/SpPzYCUZBrI/AAAAAAAAAx0/PYp_sOoclJg/s1600-h/robert-hsu-buffo13.png"><img id="BLOGGER_PHOTO_ID_5373906374647940786" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/SpPzYCUZBrI/AAAAAAAAAx0/PYp_sOoclJg/s320/robert-hsu-buffo13.png" border="0" /></a>Another masterpiece from Mr. Robert Hsu is the CSR trade. <div>Mr. Hsu decided to buy CSR on August 21st 2008, at $14.60.</div><div> </div><div><em><strong>Buy China Security & Surveillance Technology</strong><br />To take advantage of the growing demand for security and surveillance technology in China, I'm recommending a domestic leader in the Chinese security and surveillance industry -- China Security & Surveillance Technology (NYSE: </em><a name="CSR"></a><a class="getaquote" href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=CSR"><em>CSR</em></a><em>). I haven't been this excited about a new China Strategy stock recommendation since I recommended Mindray (NYSE: </em><a name="MR"></a><a class="getaquote" href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=MR"><em>MR</em></a><em>) and New Oriental Education (NYSE: EDU) nearly two years ago. That's because CSR fits all of the parameters we like: It was started by private entrepreneurs, it is a leader in a fast-growing industry, it's earnings are growing at over 80% a year, it is trading at an attractive valuation of only 7 times this coming year's earnings, and the company's CEO is regularly buying stock with his own money at up to $30 a share (shares are trading below $15).<br />Based in Shenzhen, China Security manufactures, distributes, installs and maintains security and surveillance systems in China. And it provides many surveillance products including hardware, software, design, implementation and technical support to its customers, which include government, corporate and commercial clients.<br />With Chinese demand for security and surveillance products growing, China Security has several manufacturing facilities, a R&D facility in China and an extensive sales and service network throughout the country. And the company is able to compete internationally with a lower labor cost, established distribution channels and a local sales team.<br />China Security has truly become a leader in this industry over the years and has achieved earnings growth of 80% or higher, as a result. Just look at some of the recent financials:<br />China Security achieved strong top-line growth from 2002 to 2007 when revenue jumped to $240 million in 2007 from $16 million in 2004. Plus, net income soared to $46.6 million in 2007 from $5.9 million in 2004. And most recently in early August, the company posted strong second-quarter earnings.<br />Net income soared 81% year-over-year to $7.7 million, or 17 cents per share, from $4.3 million or 11 cents in the prior year's same quarter. Revenue increased 78% to $92.7 million from $52.1 million in the second quarter of 2007. Gross margin -- one of my favorite indicators of a company's operating performance -- improved to 32.8% from 28.6% in the same period last year and 30.5% in the first quarter.<br />Looking ahead, I'm looking for continued strength as is the company -- its third-quarter revenues are expected to be $110 to $115 million and the full-year 2008 revenue $400 to $410 million. And China Security raised its adjusted 2008 net income forecast to $73 to $80 million, or $1.60 to $1.77 per share.<br />What makes this company particularly intriguing right now is that China Security is trading at bargain levels. This largely undiscovered stock was unfairly beaten down in the recent Chinese stock sell-off since October, as speculators sold it with other stocks. And now it is trading at a price-to-earnings ratio of only seven times this coming year's earnings. Talk about an attractive combination of strong growth and attractive valuation!<br /><strong>I want you to buy CSR under $19</strong>. <strong>I'm targeting $27 by the end of this year, which would give us a nice 50% gain</strong>. </em></div><div> </div><div>CSR was able to go down to $2.47 (more than 80% loss) in March 2009, then partially recovered.</div><div> </div><div><img id="BLOGGER_PHOTO_ID_5373906446431326722" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 172px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SpPzcNu4kgI/AAAAAAAAAx8/ZW_PRfJpLJQ/s400/CSR.png" border="0" /></div></div><br /><p>Mr. Hsu tried to explain what happened and basically told his readers to hold CSR for one year until on August 20th 2009:</p><p><em>China Security and Surveillance Technology is China's leading security devices company. It recently was finally able to negotiate better terms with its largest creditor, Chicago-based hedge fund giant Citadel. Basically, instead of paying a big lump sum at high interest rate to Citadel in 2012, CSR is getting better terms and the option to pay back the debt in installments. Despite this being a positive development for the company long term, it weakens the company's cash-flow position in the short-term.<br />I have told you before that, given the company's weak cash position, I am not comfortable with the company's aggressive acquisition strategy. In the past month, the company announced two more corporate acquisitions. So, the long-awaited renegotiation of Citadel notes gives us a good opportunity to sell CSR and put the money into better opportunities. Sell CSR.</em></p><p>Price was $7.27 for a <strong><span style="color:#ff0000;">50% loss</span></strong>.</p><p>We should learn at least two things from this lesson:</p><ol><li>Robert Hsu is a gambler (with other people's money)</li><li>Always use stop loss orders (before going down 80%)</li></ol><p> </p>Anonymousnoreply@blogger.com2tag:blogger.com,1999:blog-7518859261865012394.post-78537677501678239002009-08-26T08:00:00.001+02:002009-08-26T08:00:00.420+02:00Robert Hsu and STV<a href="http://3.bp.blogspot.com/_d_m34WKbwYY/SpPvxQMUFrI/AAAAAAAAAxs/kzb094hAM1c/s1600-h/robert-hsu-buffo3.png"><img id="BLOGGER_PHOTO_ID_5373902409822377650" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/SpPvxQMUFrI/AAAAAAAAAxs/kzb094hAM1c/s320/robert-hsu-buffo3.png" border="0" /></a> After STV moved from $4.25 in December 2008 to $8.36 in April 30th 2009, Mr. Robert Hsu decided it was time to jump in.<br /><br /><strong>April 30th 2009</strong><br /><br /><em><strong>New Buy: China Digital TV<br /></strong>Founded in 2004, China Digital TV is a Beijing-based leading technology company in China's rapidly growing digital television market. With a 50% market share, STV is involved in the market in many different ways. The company is the number-one provider of conditional access (CA) systems, which enable TV network operators to manage the delivery of content and services to their subscribers. In addition, the company provides cable, satellite and mobile TV network operators with full-service support systems, value-added services and set-top box solutions.<br />Plus, China Digital TV's major stream of revenue (90%) comes from the production and sale of smart cards. Smart cards are an important part of the set-top boxes that TV network operators use to provide and control access to their cable networks. And as analog TV users switch to digital TV, they will need one of these smart cards to integrate into the set-top box to access digital cable TV.<br />Thanks to its dominant position in the industry and the major switch to digital TV, China Digital TV will continue to grow its market share in the coming years. The transition to digital TV will greatly increase the need for STV's services, and this growth is already showing itself. In 2008, the company signed 36 of the total 66 new CA systems contracts. And by the end of last year, STV had 200 carrier customers in 27 Chinese provinces.<br /><strong>Strong Financials<br /></strong>STV's strong market presence and growth has surely shown itself in its financials. The company's net revenues soared from $3.7 million in 2004 to $30.6 million in 2006 and $70.7 million in 2008. That represents an annual growth of 109%! Net income also jumped from $4.5 million in 2005 to $43.1 million in 2008. And STV's gross margin was 80.5% in 2008.<br /><br />In late September 2008, China Digital TV launched a share repurchase program for up to $40 million of its shares. By December, it had bought back 2.3 million shares at a total cost of approximately $16.1 million. Meanwhile, it declared a special cash dividend of $1 per share. Still, the company has a strong cash position of about $203 million without any liabilities -- that's $3.52 per share!<br />I look for these strong financials to continue in the months and years to come, considering STV's growing business. And I think <strong>we should take advantage of it by buying STV under $9. I'm targeting $14 by the year-end, which would give us a nice 50%+ gain</strong>. </em><br /><br />Price was around $8.36.<br /><br /><strong>May 7th 2009</strong>: <em>China Digital TV (NYSE: </em><a name="STV"></a><a class="getaquote" href="http://asia.investorplace.com/getaquote/?STOCK_VAR=STV"><em>STV</em></a><em>) shares rallied 30% last Friday on a combination of strong buying and short covering. This action handed us a nice 19% gain already, but it also moves the company's shares significantly above our buy limit price of $9.<br />After this strong move higher, the stock has gone up too much, too fast. And I know that many of you are wondering if it's still a good buy now, even though it's trading above my $9 buy limit. Well, I don't recommend chasing China Digital stock at this level. I think there is a good chance that the stock will pullback below $10 again before resuming its uptrend, giving us another opportunity to buy China Digital at a reasonable entry point. So <strong>I want you to buy STV on pullbacks below our new buy limit of $10</strong>. </em><br /><br />May 14th 2009: <em>China Digital TV (NYSE: </em><a name="STV"></a><a class="getaquote" href="http://asia.investorplace.com/china-strategy/getaquote/?STOCK_VAR=STV"><em>STV</em></a><em>), as we discussed in last night's Flash Alert, reported somewhat disappointing first-quarter earnings yesterday, which sent the shares tumbling 20% in trading. And shares continued to fall today, losing another 5%. As I said in the Flash Alert, I remain confident that the Chinese government'-backed TV digitalization project will continue to benefit the company in the months and years ahead. Still, I want to gain more of a firsthand perspective of what's happening behind the scenes at the company, so I'm traveling to New York next week to meet with China Digital's management. I'll be sure to share my findings with you in next week's China Strategy weekly update. Until then, I recommend that you don't sell or buy any more shares. <strong>Continue to hold STV</strong>. </em><br /><br />May 21st 2009: <em>China Digital TV Update<br />The whole world is moving towards digital, and this is creating incredible investment opportunities in the technology sector. That's why I added China Digital TV (NYSE: </em><a name="STV"></a><a class="getaquote" href="http://asia.investorplace.com/china-strategy/getaquote/?STOCK_VAR=STV"><em>STV</em></a><em>) to the China Strategy portfolio a few weeks ago. As you know, the company is China's leading supplier of conditional access systems (CAS), better known as smartcards, for cable boxes. It sells smartcards to over 200 regional cable operators throughout China. To date, China Digital has sold over 25 million smartcards, or to 50% of all cable TV households in China.<br />Currently, there are 50 million households with cable TV in China, an incredible leap from the 15 million in the country just three years ago. There's no denying that demand for digital cable is growing rapidly in the country. This is creating a tremendous opportunity for China Digital, especially when you consider that there are 380 million households with television sets in China, and the Chinese government has set a timeline to convert all TV broadcast to digital format by 2015, starting with the larger cities.<br />So in five years, most of the 380 million TV households in China will have digital cable. That means the number of digital cable TVs and smart cards sold in China is estimated to reach 110 million by the end of 2011, which is more than 100% growth. And China Digital will grab the lion's share of this expanding market -- it already grew by about 30% in both revenue and earnings in 2008, and it has no debt.<br />Despite all this, though, China Digital reported first-quarter earnings last week, and the stock dropped 20% on news that its revenue decreased 15% from the fourth quarter in 2008. Net income slipped even more, 38%, indicating a drop in profit margin as well. I know these results raised red flags for a number of you. And although I believe that this is a temporary drop due to tight credit with cable operators last year and the Chinese economy bottoming out in the first quarter, I was concerned as well.<br />So I traveled to New York on Monday to meet with China Digital's Investor Relations Director, Eric Yuan, to discuss these issues and gain a better understanding on what he thought was happening at the company. During our conversation, I learned three positive pieces of news about the company that indicate the slowdown is temporary and business will pick up in the second half of the year:<br />1) Improving Financing: Due to the global financial crisis, Chinese regional cable operators, all of them municipal state-owned enterprises, had a tough time obtaining bank credit last year, which slowed their purchase of smart cards. This trend continued until the end of the first quarter in 2009 when China's stimulus policy encouraged banks to lend to cable operators. As they receive funding in the months ahead, cable operators will resume purchases of smart cards in the second half of the year. So revenue is expected to pick up in the second half.<br />2) Economic Recovery: The Chinese economy likely bottomed in the first quarter, and we're already seeing improvement in general economic conditions there. This will drive continued digital cable growth, as consumers feel more comfortable spending on digital cable. Also, Chinese cable operators tend to purchase smart cards near year-end, making this a seasonal business.<br />3) Favorable Government Policy: Last week, in an effort to push cable digitization forward, nine Chinese provinces announced a three-year tax waiver for cable operators. This will add 5% to the cable operators' bottom-line and will boost smart card sales. More provinces may follow suit, which would accelerate China's cable digitization process.<br />So much of the decrease in China Digital's earnings in the first quarter was a direct result of seasonality and the global financial crisis pinching banks lending practices. Eric also explained that some of the decline in margin was attributable to increasing R&D spending, as the company is working on movie-on-demand, interactive TV games and other new businesses.<br />After my conversation with Eric, I was feeling much more optimistic about China Digital. The causes for the decrease in earnings during the first quarter are short-term issues. And given China's enormous television audience, the three factors mentioned above are all potential long-term bullish catalysts for the company. So, <strong>I recommend that you to start buying STV again below our original limit price of $9</strong>. </em><br /><br />June 4th 2009: <em>China Digital TV (NYSE: </em><a name="STV"></a><a class="getaquote" href="http://asia.investorplace.com/china-strategy/getaquote/?STOCK_VAR=STV"><em>STV</em></a><em>) has won two new contracts to provide conditional access systems to Jiangxi TV Network Co., Ltd and Zhongguang Movie and TV Satellite Co. Ltd,. Jiangxi TV Network is the provincial level TV operator in the area and covers nearly 5 million cable TV users across 11 municipalities. The new contract will allow the network to transmit up to 200 digital channels to its users.<br />Meanwhile, STV's contract with Zhongguang Satellite will allow the company to provide its new Miracle 3.0 SMS solution to the satellite company. The Miracle 3.0 SMS solution will allow Zhongguang to optimize its customer account management and fee collection process. Zhongguang Satellite is a China Central Television (CCTV) subsidiary that distributes content from four CCTV channels to more than 300 million users via more than 7,000 head-end receivers in China. These deals will add nicely to the company's bottom line. <strong>Continue to buy STV under $9</strong>. </em><br /><br />July 16th 2009: <em>China Digital TV (NYSE: </em><a href="http://asia.investorplace.com/china-strategy/getaquote/?STOCK_VAR=STV"><em>STV</em></a><em>) shipped approximately 2.13 million smart cards in the second quarter, slightly lower than its forecast of 2.35 million to 2.55 million. Management noted that the miss was due to some cable operators delaying digitization projects. However, the company won 12 new contracts to install CA systems in China in the past three months. As China moves to government-mandated full broadcast digitization by 2015, China Digital TV is well positioned to play a leading role in China's ongoing digital mass migration and beyond. <strong>Continue to buy STV under $9</strong>. </em><br /><br />July 30th 2009: <em>China Digital TV (NYSE: </em><a href="http://asia.investorplace.com/china-strategy/getaquote/?STOCK_VAR=STV"><em>STV</em></a><em>) will report second-quarter financial results on Thursday, August 6, after the market closes. I expect a slow second quarter but better forward guidance for the second half. <strong>Continue to buy STV under $9</strong>. </em><br /><br />August 6th 2009: <em>China Digital TV (NYSE: </em><a href="http://asia.investorplace.com/china-strategy/getaquote/?STOCK_VAR=STV"><em>STV</em></a><em>) will report financial results for the second quarter today, after the market closes. I expect the earnings to be stable, but look for stronger guidance in the second half. <strong>Buy STV under $9</strong>.</em><br /><br />August 13th 2009: <em>China Digital shares also fell dramatically -- 17% -- following the company's second-quarter earnings report last Thursday. The company announced that revenues dropped 25% to $14.6 million year-over-year, and 2% from the first quarter. The drop in revenues was mainly due to a decrease in smart card sales as only 2.13 million smart cards were shipped during the second quarter compared with 2.69 million in the same quarter of 2008.<br />While I was expecting flat results, the forward guidance was weaker than anticipated and that's what whacked the stock last week. China Digital management looks for smart card shipments of 1.85 million to 2.25 million in the third quarter and revenues of 411.8 million to $14 million.<br />The company is currently struggling because a number of cable operators decided to postpone their digitalization projects, cutting demand for China Digital's smart cards. Because of the recent miss in earnings, disappointing outlook for the third quarter and decreasing demand for China Digital's smart cards, I will talk to company management tonight to gain a better idea on what's currently happening in the company's business and industry. Until I have more details, <strong>I recommend that you to hold STV</strong>. </em><br /><br />August 20th 2009: <em>China Digital TV is China's leading provider of smart cards that are used to upgrade from analog to digital TV. I recommended the stock to take advantage of the Chinese government's policy to have all Chinese households upgrade to digital service by 2015. But despite this demand for its products, the company announced a disappointing second-quarter results last week, leading me to speak with Eric Yuan, the company's director of investor relations.<br />Eric told me that despite China's economic recovery and improving finances for cable operators (STV's primary customers), they have been slow to purchase more smart cards for digital upgrade. The main reason for this is a lack of quality content for TV audiences, who have limited incentives to upgrade to digital right now. Although there are more than 60 TV stations only available to digital customers, most of these stations offer low-quality programming that is unappealing to consumers. This hampering is caused by Chinese government control and restriction of television programming, something that did not exist in the U.S., Hong Kong or Taiwan.<br />Although I am long-term bullish on the digital entertainment market in China, I am disappointed by China Digital's near-term prospects and I see no quick turnaround in sight. <strong>I want you to sell STV and cut our losses</strong>.</em><br /><br />Price: $7.43<br /><br /><a href="http://2.bp.blogspot.com/_d_m34WKbwYY/SpPvrFKowGI/AAAAAAAAAxk/srAFnpm7v9Q/s1600-h/STV.png"><img id="BLOGGER_PHOTO_ID_5373902303783338082" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 172px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SpPvrFKowGI/AAAAAAAAAxk/srAFnpm7v9Q/s400/STV.png" border="0" /></a><br />Did anybody buy at $10 for a quick <strong><span style="color:#ff0000;">25% loss</span></strong>?<br /><div></div>Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7518859261865012394.post-37190969337628937312009-08-25T12:14:00.008+02:002009-08-25T12:45:10.279+02:00Robert Hsu and CHL<a href="http://3.bp.blogspot.com/_d_m34WKbwYY/SpO5z6We3iI/AAAAAAAAAxU/K9bf_ifkPnE/s1600-h/robert-hsu-buffo5.png"><img id="BLOGGER_PHOTO_ID_5373843081871154722" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/SpO5z6We3iI/AAAAAAAAAxU/K9bf_ifkPnE/s320/robert-hsu-buffo5.png" border="0" /></a> Last week (August 20th) Robert Hsu closed his position with CHL. He realized a gain of almost 109% <div> </div><div>Those who bought CHL back in December 2005 may be happy. If I followed this guru's advice I would be very disappointed for a simple reason: the missed profit is twice the realized one.</div><div> </div><div>Those who bought it on October 2007 (when the genius was writing "<strong><em>Buy CHL under its increased limit of $100</em></strong>") should be quite angry... I would actually go at Mr. Hsu's place to kick his ass.</div><div> </div><div> </div><img id="BLOGGER_PHOTO_ID_5373843614592099266" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 171px; TEXT-ALIGN: center" alt="" src="http://4.bp.blogspot.com/_d_m34WKbwYY/SpO6S65DY8I/AAAAAAAAAxc/ujHLnOed1jQ/s400/CHL.png" border="0" /><br /><p>I am not going to show all the things Mr. Hsu wrote about CHL, but only a short summary, just to give you an idea of how this guy operates (or at leasts how he wants you to operate - I doubt he is putting his own money at stake, or he would be sleeping under a bridge by now).</p><p><strong>December 2005</strong>: <em>China Mobile (NYSE: CHL): There are only two state-owned enterprises worth investing in, and we’re going to talk about both of them now. SOEs are only worthy of our money when they are respectably run and have a monopoly (or close to it) in a growing sector. That describes China Mobile a nutshell. China currently has 400 million wireless handset users, and over 70% of them pay monthly fees to China Mobile. In addition, the market is growing more than 15% a year, and as bandwidth and those valueadded services improve, China Mobile stands to increase its fees and revenues. Buy CHL under $25 for at least 20% gains by the end of 2006.</em></p><p><strong>January 11th 2006</strong>: <em>China Mobile (NYSE: </em><a href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=CHL"><em>CHL</em></a><em>) users sent a combined total of over 700 million short messages a day in 2005. That's right, a day! China Mobile's subscriber base grew by over three million each month in 2005, reaching 243 million by the end of November. China has the world's largest mobile phone market, with more than 377 million mobile phone subscribers, an average of 29 mobile phones per 100 people. CHL is far and away the dominant player and will be for the foreseeable future. Buy CHL under $25.</em> </p><p><strong>May 4th 2006</strong>: <em>China Mobile (NYSE: </em><a href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=CHL"><em>CHL</em></a><em>) plans to work directly with music companies to provide online service, which will cut most existing service providers (SPs) out of the deal. However, the company will leave some development space to other service providers and mainly concentrate on cooperation with large record companies. This news will help CHL's earnings and hurt smaller SPs. I believe that leading SPs such as Tom Online and KongZhong will still thrive given the explosive growth and size of the wireless services market. Buy CHL under $32.</em> </p><p><strong>November 16th 2006</strong>: <em>China Mobile (NYSE: </em><a href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=CHL"><em>CHL</em></a><em>): Is China Mobile trying to turn its mobile phones into the next Swiss Army knife? With the addition of some new all-purpose devices, it certainly seems that way. On Monday the company announced a new music-sharing service that will provide music, sports, and other content to mobile users. One interesting feature is that users will be able to upload their own self-produced songs to the Web for others to download. If that weren't enough, China Mobile has reached agreements with 19 domestic banks, including the Big Four banks, to jointly provide a mobile phone-based banking service called "Yin Xin Tong." Subscribers can use mobile phones to receive real-time financial information through text messages and other mobile data services. Paid service is expected to begin next year in Beijing. China Mobile led the Hong Kong market to new highs on November 15, closing with a market cap of $174 billion, making it the largest telecom company in the world. Buy CHL on pullbacks under $40.</em> </p><p><strong>January 11th 2007</strong>: <em>China Mobile (NYSE: </em><a href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=CHL"><em>CHL</em></a><em>): Just like China Aluminum, there's been talk of China Mobile going public on the red-hot Shanghai Stock Exchange. Last week we talked about the China Mobile IPO rumors that were floating around. The company finally came out and said that it won't be issuing A-shares on the Mainland—at least not in the next six months.<br />However, with the lure of potentially higher valuations and a greater domestic profile, I think it's only a matter of time before the company finally does go public in China. I don't think this will happen anytime soon, though. China Mobile won't list A-Shares until the government approves 3G licenses and the restructuring of the wireless industry is complete. I'll keep you posted on the situation as it develops. In the meantime, I think all of the speculation will give the stock a boost. Buy CHL when it's under $43.</em></p><p><strong>May 10th 2007</strong>: <em>China Mobile (NYSE: </em><a href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=chl"><em>CHL</em></a><em>) will put its EDGE (2.75G) network in Shanghai into commercial operation on May 17. This new technology will increase its current network transmission speed by roughly three times, which is great news for China Mobile customers. The company started EDGE services in Guangdong province exactly one year ago, while the networks in other cities remained in the testing stage until now.<br />Compared with China's homegrown 3G technology (called TD-SCDMA), EDGE is based on China Mobile's existing GSM network and can be upgraded to WCDMA 3G network technology in the future. EDGE can also supplement TD-SCDMA networks.<br />China Mobile plans to spend more than 10 billion yuan (or $1.3 billion) in upgrading EDGE networks in major cities throughout China. A nationwide network is expected to be completed by the end of this year.<br />China Mobile's cutting-edge technology proves that the company dominates China's communication sector. Continue to buy CHL under $50.</em></p><p><strong>July 5th 2007</strong>: <em>China Mobile (NYSE: </em><a href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=chl"><em>CHL</em></a><em>): After finally completing its 3G network construction in October, China Mobile is getting ready to provide 3G services to 2 million–3 million customers beginning at year-end into the start of 2008, and another 12 million customers should get 3G service in the first half of 2008. With that event on the horizon, it's looking like China's homegrown 3G technology will rapidly dominate the 3G market—whether or not the Chinese government decides to issue 3G licenses to mobile operators. Keep an eye on CHL and grab it when it's trading below $55.</em></p><p><strong>October 25th 2007</strong>: <em>China Mobile (NYSE: </em><a href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=chl"><em>CHL</em></a><em>) reported third-quarter earnings this week and the numbers were very impressive. Net income surged 38% to 22 billion yuan ($2.9 billion) from 15.9 billion yuan a year earlier. Sales jumped 21% to 91.9 billion yuan ($12.3 billion).<br />Driven by gains in rural areas, China Mobile added a record 48.4 million users in the first nine months of 2007 and a record 6.1 million in September. Controlling about two-thirds of China's wireless market, it had a total of 349.7 million subscribers by the end of September. The company is also boosting value-added services, such as ring tones, to keep urban customers.<br />With a market value of $367 billion, China Mobile is the world's fourth-biggest company. I believe China Mobile will continue to grow rapidly in the Chinese wireless market. Its biggest rival, China Unicom, isn't likely to catch up any time soon. Like many of our other stocks, I'm raising our buy limit for China Mobile. Buy CHL under its increased limit of $100.</em></p><p><strong>March 13th 2008</strong>: <em>China Mobile (NYSE: </em><a href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=chl"><em>CHL</em></a><em>) added a record 7 million new users in January, increasing its total number of subscribers to 376.4 million. CHL's major competitor, China Unicom, gained a mere 1.4 million additional subscribers, rounding off at 164 million. China Mobile continues to expand its network by venturing into smaller towns and villages, where fewer people are accustomed to mobile phones. CHL is a good buy under $80.</em></p><p><strong>March 20th 2008</strong>: <em>China Mobile (NYSE: </em><a href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=chl"><em>CHL</em></a><em>) reported strong fourth-quarter earnings on Wednesday. Net income rose 37% to 27.2 billion yuan ($3.8 billion) from 19.9 billion yuan during the same period a year ago, beating the 26-billion yuan estimate by analysts. Sales also increased 19% during the quarter to reach 98.5 billion yuan, up 82.7 billion yuan from last quarter.<br />For the full year of 2007, China Mobile's profit grew 32% to 87.1 billion yuan ($12.3 billion) from 66 billion yuan a year ago, while sales also increased 21% to 357 billion yuan. Its gross profit margin—one of my favorite indicators of a company's operating performance—improved to 54.3% from 54% in 2006.<br />These strong results are mostly due to a growing subscriber base. In 2007, China Mobile's total subscribers increased 23% to reach 369.3 million, as four out of five mobile users are now China Mobile customers. It is expected that the company will gain 80 million new users this year for a total of about 450 million subscribers by yearend.<br />Going forward, I expect China Mobile to gain more market share in lower-income rural areas. And I also believe that the company will maintain its profit growth by selling more value-added services in the urban areas. Continue to buy China Mobile under $80.</em></p><p><strong>April 24th 2008</strong>: <em>China Mobile (NYSE: </em><a name="CHL"></a><a class="getaquote" href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=CHL"><em>CHL</em></a><em>) reported strong first-quarter earnings early this week. Net income rose 37% to 24.1 billion yuan ($3.4 billion) from 17.6 billion yuan in the same period a year ago, beating analysts' estimate of 23.6 billion yuan. Revenues increased 20% to 93 billion yuan. The company's strong numbers were boosted by a record 6% subscriber growth in the quarter.<br />China Mobile continues to win subscribers from fixed-line companies such as China Telecom and China Netcom by removing charges for receiving calls and offering a variety of services. The company added 7.8 million users last month to a total of 392 million. It dominated the nation's mobile-phone market with 68% share.<br />I believe China's rapid economic growth and strong demand for mobile services will continue to drive China Mobile's business. Buy China Mobile under $90.</em> </p><p><strong>May 1st 2008</strong>: <em>China Mobile (NYSE: </em><a name="CHL"></a><a class="getaquote" href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=CHL"><em>CHL</em></a><em>) announced this week that it will offer its 3G mobile services during the Summer Olympic Games in Beijing. As I have discussed before, I think that CHL has potential to become a leading provider of 3G mobile technology with its homegrown technology. And the exposure that the company will receive during the Olympic Games will surely give a boost to this goal. Buy China Mobile below $90.</em> </p><p><strong>October 23rd 2008</strong>: <em>China Mobile (NYSE: </em><a name="CHL"></a><a class="getaquote" href="http://www.chinaprofitstrategy.com/getaquote/?STOCK_VAR=CHL"><em>CHL</em></a><em>) reported that its third-quarter net income rose 26% to 27.8 billion yuan, or $4 billion, from 22 billion yuan a year earlier. This was slightly below Wall Street's estimate of 29 billion yuan. In addition, sales were 14% to 104.9 billion yuan, missing estimates of a 14.9% increase. CHL said that the lower profits were due to the addition of lower-spending users in rural areas, as well as slowing call volumes during the Olympics.<br />Even though CHL is growing a bit slower than in the past, I think it is too early to make a meaningful analysis of these results because of the distortion caused by the Olympics. So for now, buy CHL below $55.</em> </p><p><strong>August 20th 2009</strong>: <em>This Week's Sells<br />China Mobile is the world's largest wireless telecommunication operator with 493 million customers, and it has been a core holding of our China Strategy portfolio ever since we first started the service in late 2005. But as the Chinese wireless market became increasingly saturated and policy makers became wary of the company's domination of China's telecom space, CHL's growth has gradually slowed. In the latest quarter, the company had its first decline in profit since 1999 after growth stalled and competition intensified.<br />Second-quarter net income fell to 30.1 billion yuan ($4.4 billion) from 30.6 billion yuan a year earlier -- that was short of the 31.1 billion yuan that analysts were expecting. And since the recent telecom industry shake-up, China Mobile's struggled to adapt to the technologically inferior homegrown 3G wireless standard, and it's received intense competition from fixed-line giant China Telecom when it entered the mobile-phone market as part of the industry revamp. This caused CHL's average monthly phone bill to plunge 11%. In addition, the company only added 15.96 million users in the second quarter, compared with 22.5 million a year earlier.<br />So, the combination of slower growth and lower revenue per customer has made the company's stock an underperformer this year. While China Mobile will offer 3G services in 238 cities by October, few customers are upgrading because of the company's less reliable homegrown TDS-CDMA technology. Considering this, <strong>I want you to sell CHL for a 109% gain</strong>. </em></p><p>For some people it was a 109% gaining trade. For others it was a 50% loss trade.</p><p>If you want additional details just put a comment to this post.</p><p> </p>Anonymousnoreply@blogger.com2tag:blogger.com,1999:blog-7518859261865012394.post-45974015624330133262009-08-24T12:03:00.005+02:002009-08-24T12:20:20.849+02:00Louis Navellier and IDCC<a href="http://1.bp.blogspot.com/_d_m34WKbwYY/SpJmMUGHq7I/AAAAAAAAAxE/wyb9zb_LUl4/s1600-h/louis-navellier-buffo16.png"><img id="BLOGGER_PHOTO_ID_5373469667145264050" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://1.bp.blogspot.com/_d_m34WKbwYY/SpJmMUGHq7I/AAAAAAAAAxE/wyb9zb_LUl4/s320/louis-navellier-buffo16.png" border="0" /></a>Another impressing trade was executed by the icon of growth investing in just one week.<br /><br /><br />Louis Navellier on August 10th 2009 decided it was time to buy this overvalued stock: IDCC. It had a P/E ratio of over 45 that day.<br /><br /><br />Here is what Mr. navellier was writing on <strong>August 10th 2009</strong>:<br /><br /><br /><em>For over three decades, InterDigital (IDCC) has invented and developed advanced digital wireless technology. Its circuitry designs and software can be found in every digital cell phone today and licensed all over the world by leading brands like LG Electronics, NEC, Siemens and Sony Ericsson. Approximately 80% of the company’s sales are from its Asian customers. InterDigital holds over 3,000 U.S. and foreign issued patents combined, with an additional 9,000 patent application in process—a great sign of future revenue streams.<br />In the second quarter, IDCC’s earnings rose 353.8% to $26.4 million, or 59 cents per share, compared with $5.9 million or 13 cents per share in the same quarter a year ago. During the same period, the company’s sales rose 27.6% to $74.9 million compared with $58.7 million. The technology sector has been gaining momentum in recent weeks thanks to solid earnings reports from some of its key players. <strong>IDCC is no exception—the stock is a good buy</strong>.</em><br /><em>Buy below: $32.82</em><br /><p><strong>Close Price: $30.92</strong></p><br /><br /><p><br /><a href="http://3.bp.blogspot.com/_d_m34WKbwYY/SpJnJdqRifI/AAAAAAAAAxM/hGnvOeVy05I/s1600-h/IDCC.png"><img id="BLOGGER_PHOTO_ID_5373470717684845042" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 235px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/SpJnJdqRifI/AAAAAAAAAxM/hGnvOeVy05I/s400/IDCC.png" border="0" /></a><br />One week later (<strong>August 17th 2009</strong>):</p><p><em>InterDigital Inc. (IDCC) was stopped out today after a U.S. International Trade Commission judge ruled in favor of cell-phone maker Nokia in a patent infringement case brought by IDCC. Two years ago, InterDigital alleged that Nokia had engaged in unfair trade practices by selling certain 3G technology handsets for importation into the U.S. that violated four of IDCC’s patents. While I expect the company to appeal the ruling, the risk of owning this stock outweighs the reward. IDCC is also an excellent example of why stop losses are such an important part of our strategy here at Quantum Growth. Stop-loss prices do exactly what the name implies—protect us against severe losses. One of my top priorities at Quantum is to keep our risk level low. If a stock falls sharply for whatever reason—say, an unfavorable court ruling—a stop-loss strategy helps us leave the stock quickly without taking big losses.</em></p><p><strong>Close Price: $22.52</strong></p><p><strong><span style="color:#ff0000;">A remarkable 27% loss in one week.</span></strong></p><p> </p>Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7518859261865012394.post-66021042541726213402009-08-20T09:48:00.002+02:002009-08-20T09:57:55.741+02:00A quick update on John LansingI am not going to publish all the details (unless you really ask for them) but here is how Mr. John Lansing is performing:<br /><br /><p><a href="http://parabolicoptions.investorplace.com/"><strong>Parabolic Options</strong></a>: </p><ul><li>Average closed position in 2009: <strong><span style="color:#ff0000;">11.58% loss</span></strong> (with S&P500 gaining 10% in the same time)</li><li>Current open position: <strong><span style="color:#ff0000;">down 33.71%</span></strong></li></ul><p><a href="http://www.trending123.com/"><strong>Trending123</strong></a></p><ul><li>Average closed position in 2009: <strong>6.69% gain</strong> (with S&P500 gaining 10% in the same time)</li><li>Current open position Stocks: <strong>up 6.98%</strong></li><li>Current open positions ETF: <strong><span style="color:#ff0000;">down 70.60%</span></strong></li></ul><p><strong>NOTE:</strong> I am afraid Mr. Lansing is hiding some of his trades. As an example, in his Trending123 log he is not referring to his trade with CROX, where <strong><span style="color:#ff0000;">he lost more than 73%</span></strong>. The CROX details are <a href="http://investorcrap.blogspot.com/2008/09/john-lansing-and-crox.html"><strong>here</strong></a>.</p><p> </p>Anonymousnoreply@blogger.com5tag:blogger.com,1999:blog-7518859261865012394.post-42559782441086046352009-08-20T09:38:00.004+02:002009-08-20T09:48:38.659+02:00A quick update on Chris JohnsonChris Johnson is not one of my <em>preferred</em> experts. You may know him for sending you regular spam about his services with 100% money back guarantee.<br /><br /><br />Well, let's have a look at how Chris performed in 2009:<br /><br /><table border="1"><tbody><tr><td align="middle" width="86" height="32"><b><span style="font-family:Times New Roman;">OptionTicker</span></b></td><td align="middle" width="86"><b><span style="font-family:Times New Roman;">Position</span></b></td><td align="middle" width="86"><b><span style="font-family:Times New Roman;">Date Bought</span></b></td><td align="middle" width="86"><b><span style="font-family:Times New Roman;">Entry Price</span></b></td><td align="middle" width="86"><b><span style="font-family:Times New Roman;">Date Sold</span></b></td><td align="middle" width="86"><b><span style="font-family:Times New Roman;">Sold price</span></b></td><td align="middle" width="86"><b><span style="font-family:Times New Roman;">return%</span></b></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">FLRHK</span></td><td align="left"><span style="font-family:Times New Roman;">FLR Aug 55 Calls </span></td><td align="right" sdval="40031" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/06/09</span></td><td align="right" sdval="3.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.30</span></td><td align="right" sdval="40043" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/18/09</span></td><td align="right" sdval="0.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.20</span></td><td align="right" sdval="-0.9394" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-93.94%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MSQHD</span></td><td align="left"><span style="font-family:Times New Roman;">MSFT Aug 24 Calls</span></td><td align="right" sdval="40018" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/24/09</span></td><td align="right" sdval="0.39" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.39</span></td><td align="right" sdval="40043" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/18/09</span></td><td align="right" sdval="0.09" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.09</span></td><td align="right" sdval="-0.7692" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-76.92%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">FLKHG</span></td><td align="left"><span style="font-family:Times New Roman;">FFIV Aug 35 Calls </span></td><td align="right" sdval="40016" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/22/09</span></td><td align="right" sdval="2.9" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.90</span></td><td align="right" sdval="40043" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/18/09</span></td><td align="right" sdval="0.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.50</span></td><td align="right" sdval="-0.8276" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-82.76%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MSQHD</span></td><td align="left"><span style="font-family:Times New Roman;">MSFT Aug 24 Calls </span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0.97" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.97</span></td><td align="right" sdval="40043" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/18/09</span></td><td align="right" sdval="0.09" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.09</span></td><td align="right" sdval="-0.9072" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-90.72%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CQNHM</span></td><td align="left"><span style="font-family:Times New Roman;">CERN Aug 65 Calls </span></td><td align="right" sdval="40018" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/24/09</span></td><td align="right" sdval="3.65" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.65</span></td><td align="right" sdval="40039" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/14/09</span></td><td align="right" sdval="0.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.40</span></td><td align="right" sdval="-0.8904" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-89.04%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">SXHHR</span></td><td align="left"><span style="font-family:Times New Roman;">SU Aug 33 Calls </span></td><td align="right" sdval="40015" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/21/09</span></td><td align="right" sdval="1.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.30</span></td><td align="right" sdval="40039" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/14/09</span></td><td align="right" sdval="0.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.50</span></td><td align="right" sdval="-0.6154" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-61.54%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">AVTHE</span></td><td align="left"><span style="font-family:Times New Roman;">AVT Aug 25 Calls </span></td><td align="right" sdval="40029" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/04/09</span></td><td align="right" sdval="1.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.45</span></td><td align="right" sdval="40039" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/14/09</span></td><td align="right" sdval="0.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.10</span></td><td align="right" sdval="-0.931" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-93.10%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MYLIV</span></td><td align="left"><span style="font-family:Times New Roman;">MYL Sept 12.50 Calls</span></td><td align="right" sdval="40024" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/30/09</span></td><td align="right" sdval="1.35" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.35</span></td><td align="right" sdval="40038" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/13/09</span></td><td align="right" sdval="1.85" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.85</span></td><td align="right" sdval="0.3704" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">37.04%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MOTR</span></td><td align="left"><span style="font-family:Times New Roman;">MO Aug 17 Puts </span></td><td align="right" sdval="40016" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/22/09</span></td><td align="right" sdval="0.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.30</span></td><td align="right" sdval="40035" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/10/09</span></td><td align="right" sdval="0.05" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.05</span></td><td align="right" sdval="-0.8333" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-83.33%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">NQTQ</span></td><td align="left"><span style="font-family:Times New Roman;">INTC Aug 16 Puts </span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0.09" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.09</span></td><td align="right" sdval="40035" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/10/09</span></td><td align="right" sdval="0.01" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.01</span></td><td align="right" sdval="-0.8889" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-88.89%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">XXJTN</span></td><td align="left"><span style="font-family:Times New Roman;">XHB Aug 14 Put </span></td><td align="right" sdval="40022" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/28/09</span></td><td align="right" sdval="0.75" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.75</span></td><td align="right" sdval="40035" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/10/09</span></td><td align="right" sdval="0.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.10</span></td><td align="right" sdval="-0.8667" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-86.67%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">FTQTU</span></td><td align="left"><span style="font-family:Times New Roman;">FTIB Aug 7.50 Puts</span></td><td align="right" sdval="40017" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/23/09</span></td><td align="right" sdval="0.37" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.37</span></td><td align="right" sdval="40035" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/10/09</span></td><td align="right" sdval="0" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.00</span></td><td align="right" sdval="-1" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-100.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">NQTQ</span></td><td align="left"><span style="font-family:Times New Roman;">INTC Aug 16 Puts </span></td><td align="right" sdval="40008" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/14/09</span></td><td align="right" sdval="0.51" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.51</span></td><td align="right" sdval="40035" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">08/10/09</span></td><td align="right" sdval="0.01" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.01</span></td><td align="right" sdval="-0.9804" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-98.04%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">TRVTG</span></td><td align="left"><span style="font-family:Times New Roman;">TRV Aug 35 Puts </span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0.35" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.35</span></td><td align="right" sdval="40021" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/27/09</span></td><td align="right" sdval="0" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.00</span></td><td align="right" sdval="-1" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-100.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MSQTN</span></td><td align="left"><span style="font-family:Times New Roman;">MSFT Aug 22 Puts (</span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0.27" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.27</span></td><td align="right" sdval="40018" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/24/09</span></td><td align="right" sdval="0.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.30</span></td><td align="right" sdval="0.1111" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">11.11%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">HOTHX</span></td><td align="left"><span style="font-family:Times New Roman;">HOT Aug 22.50 Calls </span></td><td align="right" sdval="40015" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/21/09</span></td><td align="right" sdval="1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.00</span></td><td align="right" sdval="40017" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/23/09</span></td><td align="right" sdval="1.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.50</span></td><td align="right" sdval="0.5" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">50.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">UWVTF</span></td><td align="left"><span style="font-family:Times New Roman;">WYNN Aug 30 Puts </span></td><td align="right" sdval="40004" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/10/09</span></td><td align="right" sdval="2.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.70</span></td><td align="right" sdval="40016" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/22/09</span></td><td align="right" sdval="0.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.20</span></td><td align="right" sdval="-0.9259" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-92.59%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CFQTC</span></td><td align="left"><span style="font-family:Times New Roman;">CAKE Aug 15 Puts</span></td><td align="right" sdval="40001" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/07/09</span></td><td align="right" sdval="0.85" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.85</span></td><td align="right" sdval="40016" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/22/09</span></td><td align="right" sdval="0.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.10</span></td><td align="right" sdval="-0.8824" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-88.24%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CXJHK</span></td><td align="left"><span style="font-family:Times New Roman;">CAT Aug 37 Calls </span></td><td align="right" sdval="40014" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/20/09</span></td><td align="right" sdval="1.72" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.72</span></td><td align="right" sdval="40015" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/21/09</span></td><td align="right" sdval="4.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.50</span></td><td align="right" sdval="1.6163" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">161.63%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">GOPST</span></td><td align="left"><span style="font-family:Times New Roman;">GOOG July 400 Puts</span></td><td align="right" sdval="40003" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/09/09</span></td><td align="right" sdval="8.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$8.50</span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.00</span></td><td align="right" sdval="-1" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-100.00%</span></td></tr><tr><td align="left" height="17"><span style="font-family:Times New Roman;">CGV</span></td><td align="left"><span style="font-family:Times New Roman;">C July 3 Call</span></td><td align="right" sdval="40010" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/16/09</span></td><td align="right" sdval="0.13" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.13</span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0.07" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.07</span></td><td align="right" sdval="-0.4615" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-46.15%</span></td></tr><tr><td align="left" height="17"><span style="font-family:Times New Roman;">CSV</span></td><td align="left"><span style="font-family:Times New Roman;">C July 3 Put</span></td><td align="right" sdval="40010" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/16/09</span></td><td align="right" sdval="0.08" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.08</span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0.02" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.02</span></td><td align="right" sdval="-0.75" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-75.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">KMXSV</span></td><td align="left"><span style="font-family:Times New Roman;">KMX July 12.50 Puts</span></td><td align="right" sdval="39980" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/16/09</span></td><td align="right" sdval="0.95" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.95</span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.00</span></td><td align="right" sdval="-1" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-100.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">GDQTI</span></td><td align="left"><span style="font-family:Times New Roman;">GILD Aug 45 Puts</span></td><td align="right" sdval="40001" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/07/09</span></td><td align="right" sdval="2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.00</span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.60</span></td><td align="right" sdval="-0.7" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-70.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">EXPTX</span></td><td align="left"><span style="font-family:Times New Roman;">EXP Aug 22.50 Puts </span></td><td align="right" sdval="40004" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/10/09</span></td><td align="right" sdval="1.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.50</span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="0.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.40</span></td><td align="right" sdval="-0.7333" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-73.33%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">IWMSA</span></td><td align="left"><span style="font-family:Times New Roman;">IWM July 53 Puts</span></td><td align="right" sdval="39980" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/16/09</span></td><td align="right" sdval="3.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.20</span></td><td align="right" sdval="40011" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/17/09</span></td><td align="right" sdval="1.16" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.16</span></td><td align="right" sdval="-0.6375" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-63.75%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">NQGS</span></td><td align="left"><span style="font-family:Times New Roman;">INTC July 17 Calls</span></td><td align="right" sdval="40008" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/14/09</span></td><td align="right" sdval="0.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.30</span></td><td align="right" sdval="40009" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/15/09</span></td><td align="right" sdval="0.95" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.95</span></td><td align="right" sdval="2.1667" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">216.67%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">NKEGJ</span></td><td align="left"><span style="font-family:Times New Roman;">NKE July 50 Calls</span></td><td align="right" sdval="39989" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/25/09</span></td><td align="right" sdval="2.05" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.05</span></td><td align="right" sdval="40007" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/13/09</span></td><td align="right" sdval="1.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.70</span></td><td align="right" sdval="-0.1707" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-17.07%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">KRGD</span></td><td align="left"><span style="font-family:Times New Roman;">KR July 20 Calls</span></td><td align="right" sdval="39986" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/22/09</span></td><td align="right" sdval="2.25" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.25</span></td><td align="right" sdval="40007" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/13/09</span></td><td align="right" sdval="1.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.60</span></td><td align="right" sdval="-0.2889" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-28.89%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MZRGA</span></td><td align="left"><span style="font-family:Times New Roman;">MRK July 26 Calls</span></td><td align="right" sdval="39993" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/29/09</span></td><td align="right" sdval="1.95" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.95</span></td><td align="right" sdval="40004" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/10/09</span></td><td align="right" sdval="0.85" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.85</span></td><td align="right" sdval="-0.5641" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-56.41%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">UNESO</span></td><td align="left"><span style="font-family:Times New Roman;">UNG July 15 Puts</span></td><td align="right" sdval="39982" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/18/09</span></td><td align="right" sdval="1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.00</span></td><td align="right" sdval="39996" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">07/02/09</span></td><td align="right" sdval="2.05" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.05</span></td><td align="right" sdval="1.05" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">105.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">UNESO</span></td><td align="left"><span style="font-family:Times New Roman;">UNG July 15 Puts</span></td><td align="right" sdval="39982" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/18/09</span></td><td align="right" sdval="1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.00</span></td><td align="right" sdval="39994" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/30/09</span></td><td align="right" sdval="1.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.50</span></td><td align="right" sdval="0.5" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">50.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MONGQ</span></td><td align="left"><span style="font-family:Times New Roman;">MON July 85 Calls </span></td><td align="right" sdval="39968" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/04/09</span></td><td align="right" sdval="3.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.40</span></td><td align="right" sdval="39981" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/17/09</span></td><td align="right" sdval="2.55" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.55</span></td><td align="right" sdval="-0.25" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-25.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">LLLGO</span></td><td align="left"><span style="font-family:Times New Roman;">LLL July 75 Calls</span></td><td align="right" sdval="39968" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/04/09</span></td><td align="right" sdval="2.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.20</span></td><td align="right" sdval="39980" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/16/09</span></td><td align="right" sdval="1.15" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.15</span></td><td align="right" sdval="-0.4773" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-47.73%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MONGQ</span></td><td align="left"><span style="font-family:Times New Roman;">MON July 85 Calls </span></td><td align="right" sdval="39968" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/04/09</span></td><td align="right" sdval="3.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.40</span></td><td align="right" sdval="39975" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/11/09</span></td><td align="right" sdval="5.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.40</span></td><td align="right" sdval="0.5882" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">58.82%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">IHBRH</span></td><td align="left"><span style="font-family:Times New Roman;">IYT June 60 Puts </span></td><td align="right" sdval="39972" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/08/09</span></td><td align="right" sdval="2.15" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.15</span></td><td align="right" sdval="39975" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/11/09</span></td><td align="right" sdval="0.9" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.90</span></td><td align="right" sdval="-0.5814" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-58.14%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">FDOFF</span></td><td align="left"><span style="font-family:Times New Roman;">FDO June 30 Calls </span></td><td align="right" sdval="39969" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/05/09</span></td><td align="right" sdval="1.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.45</span></td><td align="right" sdval="39975" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/11/09</span></td><td align="right" sdval="0.55" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.55</span></td><td align="right" sdval="-0.6207" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-62.07%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">DLYRO</span></td><td align="left"><span style="font-family:Times New Roman;">DELL June 13 Puts </span></td><td align="right" sdval="39969" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/05/09</span></td><td align="right" sdval="1.03" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.03</span></td><td align="right" sdval="39974" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/10/09</span></td><td align="right" sdval="0.49" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.49</span></td><td align="right" sdval="-0.5243" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-52.43%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">TEPFD</span></td><td align="left"><span style="font-family:Times New Roman;">TOL June 20 Calls </span></td><td align="right" sdval="39966" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/02/09</span></td><td align="right" sdval="0.75" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.75</span></td><td align="right" sdval="39967" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">06/03/09</span></td><td align="right" sdval="0.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.50</span></td><td align="right" sdval="-0.3333" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-33.33%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">PRQFW</span></td><td align="left"><span style="font-family:Times New Roman;">COST June 47.50 Calls</span></td><td align="right" sdval="39960" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/27/09</span></td><td align="right" sdval="2.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.60</span></td><td align="right" sdval="39961" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/28/09</span></td><td align="right" sdval="1.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.45</span></td><td align="right" sdval="-0.4423" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-44.23%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">TDFI</span></td><td align="left"><span style="font-family:Times New Roman;">TD June 45 Calls</span></td><td align="right" sdval="39955" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/22/09</span></td><td align="right" sdval="1.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.40</span></td><td align="right" sdval="39960" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/27/09</span></td><td align="right" sdval="2.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.45</span></td><td align="right" sdval="0.75" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">75.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">TDFI</span></td><td align="left"><span style="font-family:Times New Roman;">TD June 45 Calls</span></td><td align="right" sdval="39955" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/22/09</span></td><td align="right" sdval="1.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.40</span></td><td align="right" sdval="39959" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/26/09</span></td><td align="right" sdval="2.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.30</span></td><td align="right" sdval="0.6429" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">64.29%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">ABTRW</span></td><td align="left"><span style="font-family:Times New Roman;">ABT June 47.50 Puts</span></td><td align="right" sdval="39944" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/11/09</span></td><td align="right" sdval="3.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.30</span></td><td align="right" sdval="39955" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/22/09</span></td><td align="right" sdval="3.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.50</span></td><td align="right" sdval="0.0606" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">6.06%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">AROFK</span></td><td align="left"><span style="font-family:Times New Roman;">ARO June 32 Calls </span></td><td align="right" sdval="39954" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/21/09</span></td><td align="right" sdval="2.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.10</span></td><td align="right" sdval="39955" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/22/09</span></td><td align="right" sdval="3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.00</span></td><td align="right" sdval="0.4286" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">42.86%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">TGTFO</span></td><td align="left"><span style="font-family:Times New Roman;">TGT June 41 Calls</span></td><td align="right" sdval="39952" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/19/09</span></td><td align="right" sdval="2.72" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.72</span></td><td align="right" sdval="39953" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/20/09</span></td><td align="right" sdval="4.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.20</span></td><td align="right" sdval="0.5441" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">54.41%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">QAVRH</span></td><td align="left"><span style="font-family:Times New Roman;">QQQQ June 34 Puts</span></td><td align="right" sdval="39945" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/12/09</span></td><td align="right" sdval="1.65" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.65</span></td><td align="right" sdval="39952" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/19/09</span></td><td align="right" sdval="0.99" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.99</span></td><td align="right" sdval="-0.4" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-40.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">FRORE</span></td><td align="left"><span style="font-family:Times New Roman;">FRO June 25 Puts </span></td><td align="right" sdval="39941" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/08/09</span></td><td align="right" sdval="3.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.50</span></td><td align="right" sdval="39947" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/14/09</span></td><td align="right" sdval="4.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.70</span></td><td align="right" sdval="0.3429" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">34.29%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">KSSFP</span></td><td align="left"><span style="font-family:Times New Roman;">KSS June 42 Calls</span></td><td align="right" sdval="39938" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/05/09</span></td><td align="right" sdval="4.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.30</span></td><td align="right" sdval="39947" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/14/09</span></td><td align="right" sdval="2.55" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.55</span></td><td align="right" sdval="-0.407" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-40.70%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">DFQX</span></td><td align="left"><span style="font-family:Times New Roman;">DF May 22.50 Puts</span></td><td align="right" sdval="39927" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/24/09</span></td><td align="right" sdval="3.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.10</span></td><td align="right" sdval="39944" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/11/09</span></td><td align="right" sdval="4.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.40</span></td><td align="right" sdval="0.4194" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">41.94%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">KHQEB</span></td><td align="left"><span style="font-family:Times New Roman;">HCBK May 10 Calls </span></td><td align="right" sdval="39924" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/21/09</span></td><td align="right" sdval="2.25" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.25</span></td><td align="right" sdval="39944" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/11/09</span></td><td align="right" sdval="2.75" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.75</span></td><td align="right" sdval="0.2222" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">22.22%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">DFQX</span></td><td align="left"><span style="font-family:Times New Roman;">DF May 22.50 Puts</span></td><td align="right" sdval="39927" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/24/09</span></td><td align="right" sdval="3.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.10</span></td><td align="right" sdval="39940" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/07/09</span></td><td align="right" sdval="4.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.80</span></td><td align="right" sdval="0.5484" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">54.84%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">PCSEW</span></td><td align="left"><span style="font-family:Times New Roman;">PCS May 17.50 Calls</span></td><td align="right" sdval="39933" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/30/09</span></td><td align="right" sdval="0.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.80</span></td><td align="right" sdval="39940" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/07/09</span></td><td align="right" sdval="0.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.45</span></td><td align="right" sdval="-0.4375" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-43.75%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CCLEE</span></td><td align="left"><span style="font-family:Times New Roman;">CCL May 25 Calls</span></td><td align="right" sdval="39931" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/28/09</span></td><td align="right" sdval="1.95" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.95</span></td><td align="right" sdval="39940" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/07/09</span></td><td align="right" sdval="3.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.50</span></td><td align="right" sdval="0.7949" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">79.49%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">NQDFT</span></td><td align="left"><span style="font-family:Times New Roman;">NDAQ June 17.50 Calls </span></td><td align="right" sdval="39934" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/01/09</span></td><td align="right" sdval="3.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.10</span></td><td align="right" sdval="39940" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/07/09</span></td><td align="right" sdval="3.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.10</span></td><td align="right" sdval="0" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">0.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CCLEE</span></td><td align="left"><span style="font-family:Times New Roman;">CCL May 25 Calls</span></td><td align="right" sdval="39931" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/28/09</span></td><td align="right" sdval="1.95" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.95</span></td><td align="right" sdval="39938" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/05/09</span></td><td align="right" sdval="4.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.40</span></td><td align="right" sdval="1.2564" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">125.64%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MYLEV</span></td><td align="left"><span style="font-family:Times New Roman;">MYL May 12.50 Calls</span></td><td align="right" sdval="39933" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/30/09</span></td><td align="right" sdval="1.25" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.25</span></td><td align="right" sdval="39934" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/01/09</span></td><td align="right" sdval="0.85" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.85</span></td><td align="right" sdval="-0.32" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-32.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">ZMHEI</span></td><td align="left"><span style="font-family:Times New Roman;">ZMH May 45 Calls </span></td><td align="right" sdval="39920" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/17/09</span></td><td align="right" sdval="1.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.70</span></td><td align="right" sdval="39934" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">05/01/09</span></td><td align="right" sdval="0.35" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.35</span></td><td align="right" sdval="-0.7941" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-79.41%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">DQIEG</span></td><td align="left"><span style="font-family:Times New Roman;">DRIV May 35 Calls</span></td><td align="right" sdval="39932" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/29/09</span></td><td align="right" sdval="2.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.40</span></td><td align="right" sdval="39933" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/30/09</span></td><td align="right" sdval="3.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.50</span></td><td align="right" sdval="0.4583" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">45.83%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">YHQQQ</span></td><td align="left"><span style="font-family:Times New Roman;">YHOO May 16 Puts </span></td><td align="right" sdval="39919" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/16/09</span></td><td align="right" sdval="2.27" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.27</span></td><td align="right" sdval="39933" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/30/09</span></td><td align="right" sdval="1.78" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.78</span></td><td align="right" sdval="-0.2159" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-21.59%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">RRCEU</span></td><td align="left"><span style="font-family:Times New Roman;">RRC May 37.50 Calls</span></td><td align="right" sdval="39926" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/23/09</span></td><td align="right" sdval="3.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.60</span></td><td align="right" sdval="39932" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/29/09</span></td><td align="right" sdval="5.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.80</span></td><td align="right" sdval="0.6111" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">61.11%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">WMTEJ</span></td><td align="left"><span style="font-family:Times New Roman;">WMT May 50 Calls</span></td><td align="right" sdval="39912" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/09/09</span></td><td align="right" sdval="2.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.40</span></td><td align="right" sdval="39927" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/24/09</span></td><td align="right" sdval="0.65" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.65</span></td><td align="right" sdval="-0.7292" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-72.92%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">XJZQI</span></td><td align="left"><span style="font-family:Times New Roman;">XLF May 9 Puts </span></td><td align="right" sdval="39909" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/06/09</span></td><td align="right" sdval="0.79" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.79</span></td><td align="right" sdval="39927" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/24/09</span></td><td align="right" sdval="0.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.20</span></td><td align="right" sdval="-0.7468" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-74.68%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MKTES</span></td><td align="left"><span style="font-family:Times New Roman;">VMW May 28 Calls</span></td><td align="right" sdval="39924" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/21/09</span></td><td align="right" sdval="3.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.60</span></td><td align="right" sdval="39926" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/23/09</span></td><td align="right" sdval="1.15" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.15</span></td><td align="right" sdval="-0.6806" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-68.06%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">@SHWQJ</span></td><td align="left"><span style="font-family:Times New Roman;">SHW May 50 Put</span></td><td align="right" sdval="39917" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/14/09</span></td><td align="right" sdval="2.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.40</span></td><td align="right" sdval="39925" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/22/09</span></td><td align="right" sdval="0.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.45</span></td><td align="right" sdval="-0.8125" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-81.25%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">BIGEX</span></td><td align="left"><span style="font-family:Times New Roman;">BIG May 22.50 Calls </span></td><td align="right" sdval="39912" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/09/09</span></td><td align="right" sdval="2.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.45</span></td><td align="right" sdval="39920" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/17/09</span></td><td align="right" sdval="3.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.70</span></td><td align="right" sdval="0.5102" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">51.02%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">BBTQB</span></td><td align="left"><span style="font-family:Times New Roman;">BBT May 22.50 Puts </span></td><td align="right" sdval="39919" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/16/09</span></td><td align="right" sdval="2.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.60</span></td><td align="right" sdval="39920" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/17/09</span></td><td align="right" sdval="2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.00</span></td><td align="right" sdval="-0.2308" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-23.08%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">OAQDP</span></td><td align="left"><span style="font-family:Times New Roman;">APOL April 80 Calls </span></td><td align="right" sdval="39896" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/24/09</span></td><td align="right" sdval="4.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.60</span></td><td align="right" sdval="39920" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/17/09</span></td><td align="right" sdval="0" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.00</span></td><td align="right" sdval="-1" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-100.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">FDODF</span></td><td align="left"><span style="font-family:Times New Roman;">FDO April 30 Calls</span></td><td align="right" sdval="39905" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/02/09</span></td><td align="right" sdval="3.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.30</span></td><td align="right" sdval="39911" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/08/09</span></td><td align="right" sdval="4.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.20</span></td><td align="right" sdval="0.2727" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">27.27%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">KMXDV</span></td><td align="left"><span style="font-family:Times New Roman;">KMX April 12.50 Calls</span></td><td align="right" sdval="39897" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/25/09</span></td><td align="right" sdval="1.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.20</span></td><td align="right" sdval="39909" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/06/09</span></td><td align="right" sdval="0.25" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.25</span></td><td align="right" sdval="-0.7917" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-79.17%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">NLQPW</span></td><td align="left"><span style="font-family:Times New Roman;">NVLS April 17.50 Puts</span></td><td align="right" sdval="39902" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/30/09</span></td><td align="right" sdval="1.75" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.75</span></td><td align="right" sdval="39905" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/02/09</span></td><td align="right" sdval="0.85" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.85</span></td><td align="right" sdval="-0.5143" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-51.43%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">GLDDL</span></td><td align="left"><span style="font-family:Times New Roman;">GLD April 90 Calls</span></td><td align="right" sdval="39877" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/05/09</span></td><td align="right" sdval="4.9" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.90</span></td><td align="right" sdval="39905" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/02/09</span></td><td align="right" sdval="1.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.70</span></td><td align="right" sdval="-0.6531" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-65.31%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">GLDDL</span></td><td align="left"><span style="font-family:Times New Roman;">GLD April 90 Calls</span></td><td align="right" sdval="39882" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/10/09</span></td><td align="right" sdval="3.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.20</span></td><td align="right" sdval="39905" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/02/09</span></td><td align="right" sdval="1.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.70</span></td><td align="right" sdval="-0.4688" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-46.88%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CSXPE</span></td><td align="left"><span style="font-family:Times New Roman;">CSX April 25 Puts </span></td><td align="right" sdval="39903" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/31/09</span></td><td align="right" sdval="1.35" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.35</span></td><td align="right" sdval="39905" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">04/02/09</span></td><td align="right" sdval="0.65" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.65</span></td><td align="right" sdval="-0.5185" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-51.85%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">TIFPX</span></td><td align="left"><span style="font-family:Times New Roman;">TIF April 22.50 Puts</span></td><td align="right" sdval="39892" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/20/09</span></td><td align="right" sdval="3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.00</span></td><td align="right" sdval="39897" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/25/09</span></td><td align="right" sdval="1.15" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.15</span></td><td align="right" sdval="-0.6167" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-61.67%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">SZCRB</span></td><td align="left"><span style="font-family:Times New Roman;">SPY June 80 Puts</span></td><td align="right" sdval="39861" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/17/09</span></td><td align="right" sdval="7.85" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$7.85</span></td><td align="right" sdval="39897" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/25/09</span></td><td align="right" sdval="5.25" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.25</span></td><td align="right" sdval="-0.3312" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-33.12%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">SKFDY</span></td><td align="left"><span style="font-family:Times New Roman;">SKF April 150 Calls </span></td><td align="right" sdval="39891" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/19/09</span></td><td align="right" sdval="10.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$10.80</span></td><td align="right" sdval="39897" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/25/09</span></td><td align="right" sdval="4.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.40</span></td><td align="right" sdval="-0.5926" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-59.26%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">GGDRT</span></td><td align="left"><span style="font-family:Times New Roman;">GOOG June 300 Puts</span></td><td align="right" sdval="39891" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/19/09</span></td><td align="right" sdval="16.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$16.80</span></td><td align="right" sdval="39897" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/25/09</span></td><td align="right" sdval="12.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$12.80</span></td><td align="right" sdval="-0.2381" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-23.81%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CCQPC</span></td><td align="left"><span style="font-family:Times New Roman;">CMCSA April 15 Puts</span></td><td align="right" sdval="39786" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">12/04/08</span></td><td align="right" sdval="2.65" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.65</span></td><td align="right" sdval="39897" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/25/09</span></td><td align="right" sdval="1.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.30</span></td><td align="right" sdval="-0.5094" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-50.94%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">GGDRT</span></td><td align="left"><span style="font-family:Times New Roman;">GOOG June 300 Puts</span></td><td align="right" sdval="39861" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/17/09</span></td><td align="right" sdval="20.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$20.70</span></td><td align="right" sdval="39897" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/25/09</span></td><td align="right" sdval="12.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$12.80</span></td><td align="right" sdval="-0.3816" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-38.16%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">SZCRB</span></td><td align="left"><span style="font-family:Times New Roman;">SPY June 80 Puts</span></td><td align="right" sdval="39891" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/19/09</span></td><td align="right" sdval="5.9" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.90</span></td><td align="right" sdval="39897" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/25/09</span></td><td align="right" sdval="5.25" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.25</span></td><td align="right" sdval="-0.1102" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-11.02%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">NKEPI</span></td><td align="left"><span style="font-family:Times New Roman;">NKE April 45 Puts</span></td><td align="right" sdval="39888" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/16/09</span></td><td align="right" sdval="3.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.30</span></td><td align="right" sdval="39892" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/20/09</span></td><td align="right" sdval="2.05" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.05</span></td><td align="right" sdval="-0.3788" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-37.88%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">RUPOE</span></td><td align="left"><span style="font-family:Times New Roman;">RIMM March 25 Puts </span></td><td align="right" sdval="39786" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">12/04/08</span></td><td align="right" sdval="2.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.70</span></td><td align="right" sdval="39892" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/20/09</span></td><td align="right" sdval="0.01" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.01</span></td><td align="right" sdval="-0.9963" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-99.63%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">XRYRR</span></td><td align="left"><span style="font-family:Times New Roman;">XRT June 18 Puts</span></td><td align="right" sdval="39861" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/17/09</span></td><td align="right" sdval="1.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.80</span></td><td align="right" sdval="39885" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/13/09</span></td><td align="right" sdval="1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.00</span></td><td align="right" sdval="-0.4444" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-44.44%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">AMTOY</span></td><td align="left"><span style="font-family:Times New Roman;">AMT March 27.50 Puts</span></td><td align="right" sdval="39869" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/25/09</span></td><td align="right" sdval="1.85" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.85</span></td><td align="right" sdval="39885" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/13/09</span></td><td align="right" sdval="0.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.40</span></td><td align="right" sdval="-0.7838" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-78.38%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">KSSOG</span></td><td align="left"><span style="font-family:Times New Roman;">KSS March 35 Puts</span></td><td align="right" sdval="39869" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/25/09</span></td><td align="right" sdval="2.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.45</span></td><td align="right" sdval="39885" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/13/09</span></td><td align="right" sdval="0.25" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.25</span></td><td align="right" sdval="-0.898" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-89.80%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">NSMCB</span></td><td align="left"><span style="font-family:Times New Roman;">NSM March 10 Calls </span></td><td align="right" sdval="39881" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/09/09</span></td><td align="right" sdval="1.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.30</span></td><td align="right" sdval="39885" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/13/09</span></td><td align="right" sdval="0.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.45</span></td><td align="right" sdval="-0.6538" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-65.38%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">QAVOC</span></td><td align="left"><span style="font-family:Times New Roman;">QQQQ March 29 Puts</span></td><td align="right" sdval="39815" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/02/09</span></td><td align="right" sdval="1.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.70</span></td><td align="right" sdval="39883" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/11/09</span></td><td align="right" sdval="0.88" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.88</span></td><td align="right" sdval="-0.4824" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-48.24%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">QAVOD</span></td><td align="left"><span style="font-family:Times New Roman;">QQQQ March 30 Puts </span></td><td align="right" sdval="39862" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/18/09</span></td><td align="right" sdval="1.68" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.68</span></td><td align="right" sdval="39877" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/05/09</span></td><td align="right" sdval="3.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.60</span></td><td align="right" sdval="1.1429" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">114.29%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">DQOCG</span></td><td align="left"><span style="font-family:Times New Roman;">DLTR March 35 Calls </span></td><td align="right" sdval="39850" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/06/09</span></td><td align="right" sdval="3.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.10</span></td><td align="right" sdval="39877" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">03/05/09</span></td><td align="right" sdval="5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.00</span></td><td align="right" sdval="0.6129" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">61.29%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CUYCD</span></td><td align="left"><span style="font-family:Times New Roman;">CECO March 20 Calls </span></td><td align="right" sdval="39856" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/12/09</span></td><td align="right" sdval="2.95" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.95</span></td><td align="right" sdval="39868" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/24/09</span></td><td align="right" sdval="5.23" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.23</span></td><td align="right" sdval="0.7729" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">77.29%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">AVPOD</span></td><td align="left"><span style="font-family:Times New Roman;">AVP March 20 Puts </span></td><td align="right" sdval="39849" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/05/09</span></td><td align="right" sdval="0.95" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.95</span></td><td align="right" sdval="39868" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/24/09</span></td><td align="right" sdval="2.15" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.15</span></td><td align="right" sdval="1.2632" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">126.32%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">APDNL</span></td><td align="left"><span style="font-family:Times New Roman;">APD Feb 60 Puts</span></td><td align="right" sdval="39833" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/20/09</span></td><td align="right" sdval="7.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$7.30</span></td><td align="right" sdval="39864" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/20/09</span></td><td align="right" sdval="8.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$8.40</span></td><td align="right" sdval="0.1507" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">15.07%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CABC</span></td><td align="left"><span style="font-family:Times New Roman;">CA Feb 15 Calls</span></td><td align="right" sdval="39840" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/27/09</span></td><td align="right" sdval="3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.00</span></td><td align="right" sdval="39864" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/20/09</span></td><td align="right" sdval="2.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.20</span></td><td align="right" sdval="-0.2667" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-26.67%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">DWGNM </span></td><td align="left"><span style="font-family:Times New Roman;">DO Feb 65 Puts </span></td><td align="right" sdval="39848" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/04/09</span></td><td align="right" sdval="4.35" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.35</span></td><td align="right" sdval="39864" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/20/09</span></td><td align="right" sdval="1.25" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.25</span></td><td align="right" sdval="-0.7126" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-71.26%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">XRTNU</span></td><td align="left"><span style="font-family:Times New Roman;">XRT Feb 21 Puts</span></td><td align="right" sdval="39811" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">12/29/08</span></td><td align="right" sdval="3.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.30</span></td><td align="right" sdval="39850" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/06/09</span></td><td align="right" sdval="0.75" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.75</span></td><td align="right" sdval="-0.7727" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-77.27%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">BAXOY</span></td><td align="left"><span style="font-family:Times New Roman;">BAX March 57.50 Puts</span></td><td align="right" sdval="39840" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/27/09</span></td><td align="right" sdval="2.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.45</span></td><td align="right" sdval="39850" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/06/09</span></td><td align="right" sdval="1.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.40</span></td><td align="right" sdval="-0.4286" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-42.86%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">MCDBL</span></td><td align="left"><span style="font-family:Times New Roman;">MCD Feb 60 Calls</span></td><td align="right" sdval="39836" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/23/09</span></td><td align="right" sdval="1.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.45</span></td><td align="right" sdval="39849" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/05/09</span></td><td align="right" sdval="0.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.50</span></td><td align="right" sdval="-0.6552" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-65.52%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">METOF</span></td><td align="left"><span style="font-family:Times New Roman;">MET March 30 Puts </span></td><td align="right" sdval="39843" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/30/09</span></td><td align="right" sdval="4.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.30</span></td><td align="right" sdval="39849" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/05/09</span></td><td align="right" sdval="3.2" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.20</span></td><td align="right" sdval="-0.2558" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-25.58%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">AVPND</span></td><td align="left"><span style="font-family:Times New Roman;">AVP Feb 20 Puts</span></td><td align="right" sdval="39846" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/02/09</span></td><td align="right" sdval="1.9" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.90</span></td><td align="right" sdval="39847" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/03/09</span></td><td align="right" sdval="0.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.60</span></td><td align="right" sdval="-0.6842" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-68.42%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">SYQBC</span></td><td align="left"><span style="font-family:Times New Roman;">SYMC Feb 15 Calls </span></td><td align="right" sdval="39841" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/28/09</span></td><td align="right" sdval="1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.00</span></td><td align="right" sdval="39846" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">02/02/09</span></td><td align="right" sdval="0.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.50</span></td><td align="right" sdval="-0.5" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-50.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">BMYBD</span></td><td align="left"><span style="font-family:Times New Roman;">BMY Feb 20 Calls</span></td><td align="right" sdval="39839" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/26/09</span></td><td align="right" sdval="2.45" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.45</span></td><td align="right" sdval="39843" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/30/09</span></td><td align="right" sdval="1.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.80</span></td><td align="right" sdval="-0.2653" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-26.53%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">ZQNBJ</span></td><td align="left"><span style="font-family:Times New Roman;">AMZN Feb 50 Calls</span></td><td align="right" sdval="39835" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/22/09</span></td><td align="right" sdval="4.15" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.15</span></td><td align="right" sdval="39843" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/30/09</span></td><td align="right" sdval="9.75" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$9.75</span></td><td align="right" sdval="1.3494" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">134.94%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">COFNE</span></td><td align="left"><span style="font-family:Times New Roman;">COF Feb 25 Puts</span></td><td align="right" sdval="39834" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/21/09</span></td><td align="right" sdval="5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.00</span></td><td align="right" sdval="39842" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/29/09</span></td><td align="right" sdval="7.8" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$7.80</span></td><td align="right" sdval="0.56" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">56.00%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">CXJNI</span></td><td align="left"><span style="font-family:Times New Roman;">CAT Feb 35 Puts </span></td><td align="right" sdval="39836" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/23/09</span></td><td align="right" sdval="2.35" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.35</span></td><td align="right" sdval="39840" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/27/09</span></td><td align="right" sdval="3.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.30</span></td><td align="right" sdval="0.4043" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">40.43%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">AMTMF</span></td><td align="left"><span style="font-family:Times New Roman;">AMT Jan 30 Puts</span></td><td align="right" sdval="39793" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">12/11/08</span></td><td align="right" sdval="4.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.30</span></td><td align="right" sdval="39828" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/15/09</span></td><td align="right" sdval="1.31" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.31</span></td><td align="right" sdval="-0.6953" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-69.53%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">FCNMJ</span></td><td align="left"><span style="font-family:Times New Roman;">FCN Jan 50 Puts </span></td><td align="right" sdval="39793" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">12/11/08</span></td><td align="right" sdval="6.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$6.70</span></td><td align="right" sdval="39828" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/15/09</span></td><td align="right" sdval="5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.00</span></td><td align="right" sdval="-0.2537" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-25.37%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">XLQNW</span></td><td align="left"><span style="font-family:Times New Roman;">XLNX Feb 17.50 Puts</span></td><td align="right" sdval="39826" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/13/09</span></td><td align="right" sdval="1.9" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.90</span></td><td align="right" sdval="39828" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/15/09</span></td><td align="right" sdval="1.7" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.70</span></td><td align="right" sdval="-0.1053" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-10.53%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">SKFAO</span></td><td align="left"><span style="font-family:Times New Roman;">SKF Jan 145 Calls</span></td><td align="right" sdval="39800" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">12/18/08</span></td><td align="right" sdval="7.6" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$7.60</span></td><td align="right" sdval="39828" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/15/09</span></td><td align="right" sdval="16.3" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$16.30</span></td><td align="right" sdval="1.1447" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">114.47%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">TTJMP</span></td><td align="left"><span style="font-family:Times New Roman;">TLT Jan 115 Puts</span></td><td align="right" sdval="39818" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/05/09</span></td><td align="right" sdval="6.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$6.10</span></td><td align="right" sdval="39827" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/14/09</span></td><td align="right" sdval="4.4" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$4.40</span></td><td align="right" sdval="-0.2787" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-27.87%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">OAQAO</span></td><td align="left"><span style="font-family:Times New Roman;">APOL Jan 75 Calls</span></td><td align="right" sdval="39820" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/07/09</span></td><td align="right" sdval="6.1" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$6.10</span></td><td align="right" sdval="39822" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/09/09</span></td><td align="right" sdval="12" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$12.00</span></td><td align="right" sdval="0.9672" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">96.72%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">SZCAI</span></td><td align="left"><span style="font-family:Times New Roman;">SPY Jan 87 Calls</span></td><td align="right" sdval="39815" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/02/09</span></td><td align="right" sdval="6.55" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$6.55</span></td><td align="right" sdval="39821" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/08/09</span></td><td align="right" sdval="3.65" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$3.65</span></td><td align="right" sdval="-0.4427" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-44.27%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">FDOAX</span></td><td align="left"><span style="font-family:Times New Roman;">FDO Jan 22.50 Calls </span></td><td align="right" sdval="39819" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/06/09</span></td><td align="right" sdval="2.55" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$2.55</span></td><td align="right" sdval="39820" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/07/09</span></td><td align="right" sdval="5.5" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$5.50</span></td><td align="right" sdval="1.1569" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">115.69%</span></td></tr><tr><td align="left" height="32"><span style="font-family:Times New Roman;">HUOMW</span></td><td align="left"><span style="font-family:Times New Roman;">PFCB Jan 17.50 Puts</span></td><td align="right" sdval="39787" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">12/05/08</span></td><td align="right" sdval="1.95" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$1.95</span></td><td align="right" sdval="39815" sdnum="1033;0;MM/DD/YY"><span style="font-family:Times New Roman;">01/02/09</span></td><td align="right" sdval="0.15" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00"><span style="font-family:Times New Roman;">$0.15</span></td><td align="right" sdval="-0.9231" sdnum="1033;0;0.00%"><span style="font-family:Times New Roman;">-92.31%</span></td></tr></tbody></table><br /><p><br />Average <strong>loss</strong> for Mr. Johnson in 2009 is <strong><span style="color:#ff0000;">20.25%</span></strong>. In the same time the <strong>S&P500 gained 10%</strong>.</p><br /><p>A final note: on his current open portfolio Mr. Johnson is <strong><span style="color:#ff0000;">down 27.44%</span></strong>.</p>Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7518859261865012394.post-79998783025526095172009-08-19T16:51:00.003+02:002009-08-19T16:56:07.760+02:00Louis Navellier and LANCSo, Louis, what should we be doing with LANC? Buy or Sell? He doesn't even know what to do... <div> </div><div><img id="BLOGGER_PHOTO_ID_5371687694119226978" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 310px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SowRf1RQTmI/AAAAAAAAAw0/NCqp38Phxe8/s400/lanc2.png" border="0" /></div><div>On August 17th Mr. Navellier said to sell LANC (<em>LANC isn’t scheduled to report earnings until later this week, but the stock has barely budged since our initial purchase 14 weeks ago. With the gloomy headlines of today, there’s no guarantee that even a stellar report will get shares moving so let’s get out now.)</em></div><div> </div><div> </div><div><img id="BLOGGER_PHOTO_ID_5371687701859665970" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 352px; CURSOR: hand; HEIGHT: 400px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SowRgSGuCDI/AAAAAAAAAw8/2Ru5bu3aMFM/s400/LANC1.png" border="0" /> One day later, Mr. Navellier tells his readers to buy LANC (<em>Lancaster Colony (</em><em>LANC</em><em>) has been around since 1961 when several small glass-making businesses merged together to form one big company. Since Lancaster went public in 1969, the company's specialty foods and glassware divisions have been thriving. Lancaster has made quite a name for itself, as it's almost impossible to find a grocery store that doesn't carry at least some of this company's products. The success of these specialty brands helped Lancaster post sales in excess of $1 billion back in 1998, and the company has continued to grow ever since.<br />In its latest quarter, Lancaster Colony’s earnings rose 153.3% to $21.2 million or 76 cents a share, compared with $62 million or 30 cents a share in the same quarter a year ago. During the same period, the company’s sales rose 6.6% to $246 million compared with $230.8 million. Lancaster’s operating margins continue to expand impressively, which is why its earnings growth is so much stronger than sales. Remember, operating margin growth shows that a company is demanding higher prices from its products while it is keeping costs down—a great sign of efficiency and strong demand.<br />Lancaster Colony will offer its next quarterly report August 20—that’s in just 48 hours. The company has seen several upwards revisions to estimates recently, and that typically is an indication that the company will exceed expectations handsomely. Buy this stock immediately to benefit from the pending earnings bounce!)</em><br /><br /><div></div></div>Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7518859261865012394.post-45920664849584840662009-08-19T12:06:00.005+02:002009-08-19T13:46:44.185+02:00News on Quantum Growth<a href="http://4.bp.blogspot.com/_d_m34WKbwYY/SovjbigYOaI/AAAAAAAAAws/sGk29M09eLA/s1600-h/louis-navellier-AIPC.png"><img id="BLOGGER_PHOTO_ID_5371637042828032418" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://4.bp.blogspot.com/_d_m34WKbwYY/SovjbigYOaI/AAAAAAAAAws/sGk29M09eLA/s320/louis-navellier-AIPC.png" border="0" /></a>I thought about stopping writing about these guys, but they continue to send so much spam in our mailboxes that I am going to talk about some of their latest trades. <div><div></div><br /><div>Today I will start from Louis Navellier's Quantum Growth, a $5.000/year service from the guru of growth investing. In his latest issue Mr. Navellier show 4 sells:</div><ol><li>American Italian Pasta Co. (<a href="http://navelliergrowth.investorplace.com/quantum/stock-report/?sym=AIPC">AIPC</a>)</li><li>InterDigital (<a href="http://navelliergrowth.investorplace.com/quantum/stock-report/?sym=IDCC">IDCC</a>)</li><li>Lancaster Colony Corp. (<a href="http://navelliergrowth.investorplace.com/quantum/stock-report/?sym=LANC">LANC</a>)</li><li>Longtop Financial (<a href="http://navelliergrowth.investorplace.com/quantum/stock-report/?sym=LFT">LFT</a>)</li></ol><p>Let's start analyzing these trades.</p><p><strong>AIPC</strong></p><p>The one just closed was the second AIPC trade this year. The first was between February and May 2009.</p><br /><a href="http://3.bp.blogspot.com/_d_m34WKbwYY/SovdWWQsomI/AAAAAAAAAwc/fYqoQ9d6lOk/s1600-h/AIPC.PNG"><img id="BLOGGER_PHOTO_ID_5371630356571923042" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 172px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/SovdWWQsomI/AAAAAAAAAwc/fYqoQ9d6lOk/s400/AIPC.PNG" border="0" /></a></div><div><br /></div><p>AIPC was trading below $15 in November 2008. As soon as it doubled and went over $30 Mr. Navellier jumped in. Here is what he wrote about AIPC from February, when he bought at $30.52 until May, when he sold it at $25.33 for a <strong><span style="color:#ff0000;">modest 17% loss</span></strong>:</p><ul><li>February 23rd 2009: <em>American Italian Pasta Company (AIPC) is the largest maker of dry pasta in North America and offers some 300 different pasta shapes ranging from angel hair to ziti. Its consumer brands—like Mueller's, Golden Grain, Heartland, R&R and Mrs. Grass—can be found in almost every supermarket here in the U.S., as well as in many overseas locations. The company’s customers include most major U.S. grocers and club stores, as well as foodservice operators and other food manufacturers.<br />American Italian Pasta recently announced that its latest quarterly earnings rose 1,657% to $26 million or $1.23 per share compared with $1.4 million or 7 cents per share in the same quarter a year earlier. During the same period, the company’s sales rose 53.3% to $171.2 million compared with $111.7 million. American Italian Pasta beat the Street on both fronts, posting a whopping 186% earnings surprise and a 17.3% sales surprise! Due to higher wheat prices, American Italian Pasta’s retail sales volume rose 16%, while its average price rose 45%. At restaurants, the company’s sales volume rose 7%, while its average price rose 36%. The stock is a great buy. Buy below $34.29.</em></li><li>March 2nd 2009: <em>Top Stock #4. American Italian Pasta Company (AIPC) is the largest maker of dry pasta in North America and offers some 300 different pasta shapes. Its consumer brands, such as Mueller's, Golden Grain, Heartland, R&R, and Mrs. Grass, are staples on supermarket shelves throughout the U.S., as well as overseas. The company’s customers include most major U.S. grocers and club stores, as well as foodservice operators and other food manufacturers. AIPC is essentially a recession-proof stock since more and more consumers are buying pasta products the cost less than other food items. Demand for this company’s products remains strong, and I expect AIPC to have another strong quarter. Buy below $33.68.</em></li><li>March 9th 2009: <em>Top Stock #4. American Italian Pasta Company (AIPC) is the largest maker of dry pasta in North America and offers some 300 different pasta shapes. Its consumer brands, such as Mueller's, Golden Grain, Heartland, R&R, and Mrs. Grass, are staples on supermarket shelves throughout the U.S., as well as overseas. The company’s customers include most major U.S. grocers and club stores, as well as foodservice operators and other food manufacturers. AIPC is essentially a recession-proof stock since more and more consumers are buying pasta products the cost less than other food items. Demand for this company’s products remains strong, and I expect AIPC to have another strong quarter. Buy below $32.68.</em> (yes, copy/paste from previous week)</li><li>March 16th 2009: <em>Top Stock #5. American Italian Pasta Company (AIPC) is trading at a bargain on a price-to-earnings basis, which is why it remains a great buy. Here’s a bit of interesting information on the company: AIPC is Walmart’s (WMT) only pasta supplier, which at last check accounts for 22% of the retail giant’s sales. This just goes to show how popular AIPC’s products are with cash-strapped consumers. Buy below $35.66.</em></li><li>March 23rd: <em>Buy below $34.67.</em></li><li>March 30th: <em>American Italian Pasta (AIPC) <strong><span style="color:#ff0000;">hit a new 52-week high last week</span></strong>. The company is the largest maker of dry pasta in North America. AIPC is also a commodity play since it benefits from higher wheat prices. AIPC’s consumer brands such as Mueller’s, Golden Grain, Heartland, R&R and Mrs. Grass are staples on supermarket shelves throughout the U.S. and abroad. In the last year, AIPC is up more than 500%! <strong><span style="color:#ff0000;">This stock is an outstanding buy</span></strong>. <strong>Buy below: $37.05</strong>. </em>(you got it: new 52 weeks hight -> great buy!!! Ready for the dive?)</li><li>April 6th 2009: <em>Buy below: $35.78.</em></li><li>April 13th 2009: <em>Buy below: $37.60.</em></li><li>April 20th 2009: <em>Buy below: $34.86.</em></li><li>April 27th 2009: <em>American Italian Pasta Company (AIPC) is a small-cap gem that has put the broader market to shame—in spite of the market meltdown in 2008, the stock is up +350% since last year! That kind of performance in a bear market has made a lot of investors skeptical, and as a result, AIPC has drawn a lot of interest from short-sellers. But AIPC has resisted the selling pressure thanks to the company's remarkable fundamental strength. Each earnings season, this stock proves its stuff. Just look at the 82% earnings surprise this stock posted February 12—and the 16% surge in share price in trading that day! In the past 30 days, AIPC's earnings expectations have been revised 6.5% higher. Even though the company hasn’t supplied an earnings announcement date yet, I expect another great performance. Buy below: $31.50.</em></li><li>April 30th 2009: <em>Buy below: $31.50.</em></li><li>May 4th 2009: <em>Top Stock #5. American Italian Pasta Company (AIPC) proves its stuff each earnings season. Just look at the 82% earnings surprise this stock posted on February 12—and the 16% surge in share price in trading that day! In the past 30 days, AIPC's earnings expectations have been revised 6.5% higher. Even though the company hasn’t supplied an earnings announcement date yet, I expect another great performance. Buy below: $33.22.</em></li><li>May 11th 2009: <em>Top Stock #3. American Italian Pasta Company (AIPC) released its earnings announcement date last week. The company is scheduled to report tomorrow, May 12. In the last 90 days, AIPC’s earnings estimates have been revised 41.5% higher. Positive analyst revisions typically precede earnings surprises, which is why I’m expecting another phenomenal quarter from this stock. Buy below: $35.07.</em></li><li>May 18th 2009: <em>American Italian Pasta (AIPC) has a great track record of reporting very strong results quarter to quarter. The time around was no exception: AIPC earned $26.2 million, or $1.21 a share, compared with $9.4 million or 50 cents a share in the same period a year ago. Revenue also rose 16% to $162.3 million thanks to higher selling prices and trading volumes. Analysts on average were expecting earnings of 75 cents a share, so AIPC posted a whopping 61.3% earnings surprise!<br />The stock gapped down sharply Tuesday just after it reported earnings. Let me explain what happened. Even though AIPC clearly blew estimates out of the water, analysts’ expectations typically exclude one-time or special charges. The company’s adjusted earnings actually came in a penny short of estimates when you include those charges, which indicates that AIPC’s gross margins shrunk during the quarter because of much higher costs. I expect this is a temporary setback, as I’m confident AIPC has the fundamental strength to increase its growth rate and lower its production costs going forward. Buy below: $28.13.</em></li><li>May 26th 2009: <em>American Italian Pasta (AIPC) is down 17% since I first recommended it 13 weeks ago. Unfortunately, the company hasn’t recovered from its post-earnings pullback. As I said last week, the stock gapped down sharply because AIPC’s adjusted earnings actually came in a penny shortof estimates, which indicates that the company’s gross margins shrunk during the quarter. As a result, Portfolio Grader has downgraded AIPC’s fundamental grade to a B, which means it no longer meets our strict Quantum criteria. The stock is up 2.5% today, so let’s take advantage of this bounce and <strong><span style="color:#ff0000;">sell into strength</span></strong> right away. Price: $25.33</em></li></ul><div>But that is not all. After a couple of months, on July 27th, Mr. Navellier decided to buy AIPC again, this time at $30.52, a good 20% more that the previous sell price and exactly the same buy price as the first time. Here is what Mr. Navellier wrote before selling AIPC at $30.32:</div><ul><li>July 27th 2009: <em>This Week’s New Buys<br />Between this week’s sells and trims, we’re able to take some profits off the table and use that cash to fund our two exciting new buys! Remember, if you have cash to invest, I always want you to invest in our new buys first.<br />In these tight times, consumers are dining out less and eating more at home. And cheap comfort foods like pasta are at the top of their shopping lists, which is why we’re adding American Italian Pasta (AIPC) back to our Buy List. This company is the largest maker of dry pasta in North America. AIPC’s consumer brands such as Mueller’s, Golden Grain and Heartland are staples on supermarket shelves throughout the U.S. and overseas. In addition to grocery sales, AIPC also supplies foodservice operators and other food manufacturers.<br />This company’s strength is reflected in the numbers: In its latest quarter, AIPC’s sales rose 16% and its earnings rose 142% compared with the same period a year ago. The company is clearly benefiting from lower wheat prices and strong pasta sales as consumers spend more on inexpensive foods at supermarkets. At the end of June, American Italian Pasta was added to the Russell 2000 index. Its presence in this index has helped to attract institutional buying pressure. William Blair recently initiated coverage of the company with a “Market Perform” rating, and I rate it a very strong buy. Buy below $33.61.</em></li><li>August 3rd 2009: <em>American Italian Pasta (AIPC) has announced that it will release its latest quarterly sales and earnings results on Thursday, August 6. Analysts are expecting the company to earn 63 cents a share on total sales of $159 million. The stock is a great buy. Buy below $34.90.</em></li><li>August 10th 2009:<em> Top Stock #2. American Italian Pasta (AIPC) is the largest maker of dry pasta in North America. Last week, AIPC announced that its latest quarterly earnings rose 1,760% to $20.2 million, or 93 cents per share, compared with $978,000 or 5 cents per share in the same quarter a year ago. Analysts were expecting earnings of 63 cents per share, so the company posted a 47.6% earnings surprise! AIPC is clearly benefiting from lower wheat prices and strong pasta sales as consumers spend more money on low-cost foods at supermarkets. Despite this retail strength, the company’s revenue during the quarter declined 7% due to a slowdown in product sales to restaurants. The stock consolidated a bit last week after its sales and earnings announcement, but in my opinion, AIPC remains a great buy. Buy below $33.56.</em></li><li>August 17th 2009: <em>We’re also unloading American Italian Pasta Company (AIPC) and Lancaster Colony Corporation (LANC) this week. As I told you in </em><a href="http://navelliergrowth.investorplace.com/quantum/weekly-briefings/2009/08/10/20090810-part7.html"><em>last week’s Briefing</em></a><em>, AIPC reported that its latest quarterly earnings rose 1,760%. Those are stunning results, but they added little in the way of momentum. If those profits aren’t enough to set this stock on an upward trajectory, then we’re better off selling this stock now and moving into a stock that delivers the breakout gains we demand from all our Quantum stocks.</em></li></ul><p>I am stopping here for now. I will continue in a few days if I see you appreciate this blog.</p><p>Cheers.</p><p> </p>Anonymousnoreply@blogger.com3tag:blogger.com,1999:blog-7518859261865012394.post-772503096057688612009-06-29T09:31:00.002+02:002009-06-29T09:32:03.934+02:00This seems to workI found this blog and the results are quite interesting.<br /><br />Enjoy.<br /><br /><div align="center"><a href="http://st0cktrading.blogspot.com/"><span style="font-size:130%;">http://st0cktrading.blogspot.com/</span></a></div>Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7518859261865012394.post-21685456534764777152009-04-30T12:22:00.004+02:002009-04-30T12:27:00.788+02:00AH AH AH AH...<a href="http://1.bp.blogspot.com/_d_m34WKbwYY/Sfl8tnSvPeI/AAAAAAAAAwU/-AbAAtoPy5w/s1600-h/NAV.png"><img id="BLOGGER_PHOTO_ID_5330428757053226466" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 252px; TEXT-ALIGN: center" alt="" src="http://1.bp.blogspot.com/_d_m34WKbwYY/Sfl8tnSvPeI/AAAAAAAAAwU/-AbAAtoPy5w/s400/NAV.png" border="0" /></a><br /><div><div><a href="http://2.bp.blogspot.com/_d_m34WKbwYY/Sfl8c3H3vtI/AAAAAAAAAwE/J-GCo2cB590/s1600-h/NAV.png"></a>On April 28th Louis wrote:<br /><br /><br /><div><em>Case in point: our most recent pick, Panera (<strong>PNRA</strong>). Just moments ago, the company reported that first-quarter operating profits were up 36% over 2008 numbers, meeting Wall Street’s forecasts. The boost in profits was due in part to the fact that sales increased nearly 1% in the quarter even as many restaurants saw decreased patronage. These strong results caused Panera to raise its second-quarter earnings estimates and reaffirm its full-year guidance—<strong>great news for the short- and long-term prospects of this company</strong>.<br />This strong report gives Panera the potential for <strong>big gains in the near-term</strong>, and <strong>I expect share prices to move up soon</strong> as a result. </em></div><br /><div></div><img id="BLOGGER_PHOTO_ID_5330428475637038194" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 264px; TEXT-ALIGN: center" alt="" src="http://4.bp.blogspot.com/_d_m34WKbwYY/Sfl8dO74_HI/AAAAAAAAAwM/FPGnts7dtw4/s400/PNRA.png" border="0" /></div></div>Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7518859261865012394.post-72176512258080417302009-04-21T11:24:00.006+02:002009-04-21T11:45:30.251+02:00Louis Navellier and WEL<a href="http://2.bp.blogspot.com/_d_m34WKbwYY/Se2T1UH5JWI/AAAAAAAAAv0/8WFczMlBJlU/s1600-h/louis-navellier.png"><img id="BLOGGER_PHOTO_ID_5327076478393328994" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/Se2T1UH5JWI/AAAAAAAAAv0/8WFczMlBJlU/s320/louis-navellier.png" border="0" /></a><strong>December 8th 2008</strong> <div></div><div><br /></div><div><em>Boots & Coots International Well Control (WEL) comes to the rescue of oil companies faced with oil and gas well blowouts and fires. Besides being in the “hell-fighting” business, Boots & Coots contains oil and hazardous material spills, restores affected sites, and provides snubbing and non-critical services such as troubleshooting and contingency planning. Boots & Coots post-Gulf War contracts in Iraq, as well as the disposal of non-core operations, helped the company mitigate some of its earlier financial difficulties. Boots & Coots’ founders, including Boots Hansen and Coots Mathews, learned their trade working for industry pioneer Red Adair. One of our other Quantum stocks, Oil States International (OIS), owns 15% of the company’s outstanding stock.<br />While many oil companies have been struggling with lower prices for crude, Boots & Coots is in much better shape. CEO Jerry Winchester recently said, “We believe that our international operations give us a strategic advantage and provide a buffer relative to the potential negative impact caused by a downturn.” The stock sold off with other oil-relates stocks last week and is a great near-term buy.</em></div><div><em></em></div><div><br /></div><div><em>Price $1.00</em></div><div><em>Buy Below $1.09</em></div><div><br /></div><div></div><div><br /><br /></div><div></div><div><strong>December 15th</strong><br /><em>Buy Below $1.23<br /></em></div><div><br /><br /></div><div></div><div><br /></div><div><strong>December 22nd<br /></strong><em>Buy Below $1.10</em></div><div><br /></div><div></div><div><br /><br /></div><div><strong>December 29th<br /></strong><em>Buy Below $1.14</em></div><div><br /><br /></div><div></div><div><br /></div><div><strong>January 5th 2009</strong></div><div><em><strong><span style="color:#ff0000;">Buy Below $1.35<br /></span></strong></em><br /></div><div><br /><br /></div><div><strong>January 12th </strong></div><div><em>Boots & Coots International Well Control (WEL) said on Wednesday that it has renewed its Safeguard contract with the Oil and Natural Gas Corporation of India (ONGC) for an another five years. This contract is for training, inspection and blowout control for ONGC's 28 offshore rigs and 94 land rigs. The contract also allows Boots & Coots to work on special projects for ONGC, both in and outside India. The shares have been pretty stable over the past few days. WEL is an excellent buy.<br />Buy Below $1.27</em></div><div><br /><br /></div><div></div><div><br /></div><div></div><div><strong>January 19th</strong></div><div><em>Boots & Coots International (WEL) has renewed one of its Safeguard contract in Africa, which is valued at $58 million and includes $23 million in new Safeguard services. Boots & Coots is a great buy. </em></div><div><em>Buy Below $1.13</em></div><div><br /><br /></div><div></div><div><br /></div><div><strong>January 26th<br /></strong><em>Buy Below $1.16</em></div><div><br /></div><div></div><div><br /><br /></div><div><strong>February 2nd</strong></div><div><em>Buy Below $1.14<br /></em></div><div><br /><br /></div><div></div><div><strong>February 9th</strong></div><div><em>Buy Below $1.30</em></div><div><br /><br /></div><div></div><div><br /></div><div><strong>February 17th</strong></div><div><em>Boots & Coots International Well Control Inc. (WEL) announced on Thursday that it has purchased John Wright Company for approximately $10 million. Based in Houston, John Wright provides a suite of relief well-drilling and risk management services to the oil and gas industry worldwide. Boots & Coots will integrate the company’s proprietary technology into its Safeguard program, which is currently its fastest-growing segment. The stock continues to trade at less than 4.5 times trailing earnings and remains a great buy. </em></div><div><em><strong><span style="color:#ff0000;">Buy Below $1.38</span></strong></em></div><div><br /><br /></div><div></div><div><br /></div><div><strong>February 23rd<br /></strong><em>Buy Below $1.16<br /></em><br /></div><div></div><div><strong>March 2nd</strong></div><div><em>Buy Below $1.14<br /></em><br /></div><div></div><div><strong>March 9th</strong></div><div><em>Buy Below $1.27<br /></em><br /></div><div></div><div><strong>March 16th<br /></strong><em>Buy Below $1.21</em></div><div><br /><br /></div><div></div><div><br /></div><div><strong>March 23rd<br /><em><span style="color:#ff0000;">Buy Below $1.34<br /></span></em></strong></div><div><br /></div><div><br /><strong>March 30th<br /></strong><em>In order to prepare our Buy List for the upcoming earnings season, we will be selling three stocks this week. Boots & Coots International Well Control Inc. (WEL) has been a real winner for us since we first bought this stock back in December. We will be locking in a 32% profit in this stock.</em></div><div><em><strong>Close Price: $1.31</strong></em></div><div></div><div></div><div><strong></strong></div><br /><br /><br /><br /><div><strong>Questions for Louis</strong></div><div></div><div>Buying at $1.00 and selling at $1.31 makes a <strong>31% gain</strong> (and not 32%). Is this right?</div><div>What about those <strong><em>Buy Below $1.34, $1.35 and $1.38</em></strong>?</div><div>What about the <strong>19% missed profit</strong> (now WEL is around $1.50)?</div><br /><br /><br /><div><img id="BLOGGER_PHOTO_ID_5327076654014363778" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 122px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/Se2T_iXNeII/AAAAAAAAAv8/6GqigDs3Fl4/s400/WEL.png" border="0" /></div>Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7518859261865012394.post-27489636671030711992009-04-06T10:01:00.000+02:002009-04-06T09:46:13.501+02:00Robert Hsu and STP<div align="center"><strong><span style="color: rgb(255, 0, 0);">Post Updated on March 27th 2009<br />Second Update on April 6th 2009<br /></span></strong></div><p><br /><br /><br /><a href="http://4.bp.blogspot.com/_d_m34WKbwYY/ScIX_joxnnI/AAAAAAAAAts/57_U-6Czrok/s1600-h/robert-hsu-buffo5.png"><img id="BLOGGER_PHOTO_ID_5314836890916068978" style="margin: 0px 10px 10px 0px; float: left; width: 100px; height: 100px;" alt="" src="http://4.bp.blogspot.com/_d_m34WKbwYY/ScIX_joxnnI/AAAAAAAAAts/57_U-6Czrok/s320/robert-hsu-buffo5.png" border="0" /></a>Another <strong><span style="color: rgb(255, 0, 0);">41% loss</span></strong> for Mr. Robert Hsu and his $3.000/year paying subscribers.<br /><br />The facts:<br /><br /><strong>January 7th 2009</strong><br /><br /><em><strong>Green Investing in the New Year<br /></strong>Over the past decade, the solar power market has grown significantly, making it one of the fastest growing renewable energy sources today. In fact, according to an independent solar energy research firm, the global solar power market -- as measured by annual solar system installed capacities -- grew at a compound annual growth rate of 42% from 427 megawatts in 2002 to 1,744 megawatts in 2006.<br />And in California, applications for state rebates to install solar panels hit their highest level ever in December. A record 133 megawatts of solar photovoltaics were installed in California in 2008, even as the state's economy stumbled. By 2018, 3,000 megawatts of solar panels could be installed in the state, which will provide enough power to displace five good-sized power plants.<br />What's interesting is that despite the deep recession in the U.S., our country's demand for solar power has been surprisingly strong. And it will likely grow stronger under the country's new administration. President-elect Barack Obama has pledged to promote industries that are environmentally friendly, as well as invest federal money in creating green technology. In addition, conservation and renewables will receive another push in the form of public works projects that are built into Obama's stimulus package.<br />Overall, Obaman's plans will likely dominate the direction of the green movement, and will benefit public green companies. With this in mind, I'm recommending a Chinese solar company that has significant business in the U.S. -- particularly in California -- that will be one of the main beneficiaries of Obama's green plans and the growing demand for solar power. </em><br /><br /><em><strong>New Buy: Suntech Power Holdings<br /></strong>Our new recommendation this week, Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>) may be a familiar name to those of you who also subscribe to our sister publication China Strategy. Back in 2006, I recommended Suntech, and we ended up selling the stock at $40 for nice 18% gain. Since then, the Suntech shares have plunged nearly 70%, and are now trading around $13. And these bargain levels are offering us a great price to purchase the stock. </em><br /><br /><em>Founded in 2001, Suntech is a worldwide leader in the design and manufacture of innovative solar energy solutions. The company designs, develops, manufactures and markets a variety of photovoltaic cells and modules. And its products are used to provide reliable and environmentally friendly electric power for residential, commercial, industrial and public utility applications in various markets worldwide.<br />One of the reasons that Suntech has been so successful over the years is that the company's China-based design, development and manufacturing facilities provide it with several competitive advantages. This includes: access to low-cost technical expertise, skilled labor and facilities. And its Research & Development team in Wuxi, China, continues to pioneer technology advances in solar power generation products.<br />To expand its reach even farther around the globe, Suntech is expanding its capacity by building more factories and installing cost effective equipment to make solar energy a practical solution for more customers. Currently, the company sells its products in various key solar energy markets worldwide, including Germany, Spain, Italy, the United States, China, Japan and South Korea.<br />In addition to its expansion projects, Suntech will also benefit from industry consolidation, as it is the long-term leader in the solar industry. Its exceptional project history, dedication to innovation and focus on producing premium quality solar products set Suntech's products and brands apart from the rest of the competition. Moreover, its localized customer service, broad product range and manufacturing scale provide a stable base to serve its customers' long-term needs. </em><br /><br /><em><strong>Strong Financials</strong><br />Over the past few years, Suntech's business has been driven by healthy demand for its solar products, which has resulted in strong top-line growth. Net revenues increased from $226 million in 2005 to $1.35 billion in 2007, representing a compound annual growth rate of 144%. Its net income increased from $30.6 million in 2005 to $171.3 million in 2007, representing an annual growth rate of 137%.<br />And in the third quarter of 2008, total revenues grew 54% year-over-year to $594 million, while net income rose 5% to $55.9 million or 33 cents per share. Gross margin -- one of my favorite indicators of a company's operating performance -- increased to 21.6% during the third quarter of 2008 from 20.7% for the third quarter 2007.<br />In addition to posting positive results during the third quarter of 2008, Suntech has a strong balance sheet with more than $600 million in cash as of September 30. The company also had approximately $1.7 billion of approved credit lines to be used for fixed asset purchases. So the company has sufficient capital to cover its expenditures at least until the end of 2009.<br />Looking ahead, Suntech expects to post full-year 2008 revenue of $1.85 billion to $1.87 billion, and its full-year photovoltaic product shipment to approximately 490 megawatts. The company also remains on target to reach 1 gigawatt of installed photovoltaic cell production capacity by year-end 2008. Suntech anticipates full-year 2009 shipments of more than 800 megawatts.<br />In the current economic and financial environment, Suntech's shares have been fairly volatile. After reaching a record high of $90 on January 3, 2008, the stock has tanked nearly 90%. Shares are now trading at 10 times this year's earnings, which is very cheap for a solar company. So I expect the stock to really take off from here. <strong>And I want you to buy STP under $13. I'm targeting $20 in the next four to six months, which would give us a nice short-term gain of about 50%</strong>.</em><br /><br /><strong>Buy price was $12.00</strong><br /><br /><br /><br /><strong>January 14th</strong><br /><br /><em>Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>) said that it will license Open Energy's building integrated solar roof membrane product. STP will oversee the worldwide manufacture, distribution, sales and marketing of Open Energy's solar membrane product.<br />In addition, STP said that it is no longer implementing a plan to expand its capacity by 40% this year because of weak capacity. The stock is down a bit with the rest of the market sell-off, but with a green energy movement in force, I expect STP to rally strongly this year. <strong>Continue to buy STP under $13</strong>. </em><br /><br /><strong>January 21st</strong><br /><br /><em>Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>) will supply solar panels to power Masdar City, the world's first carbon neutral city being built in Abu Dhabi, United Arab Emirates. The panels will form part of the largest solar plant in the Middle East. The panels will generate over 17 million kilowatt-hours per year and reduce carbon emissions by over 15,000 metric tons annually. This is a healthy expansion for the company into the Middle East. <strong>Continue to buy STP under $13</strong>.</em><br /></p><p><br /><strong>January 28th</strong><br /><br /><em>Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>) announced that it will supply up to 5 megawatts of photovoltaic solar panels to be installed throughout the Mid-Atlantic U.S. This is part of the company's efforts to power cleaner energy solutions in the U.S.<br />In other news, STP raised its revenue guidance for the fourth quarter. The company expects total quarterly net revenue of $405 million to $420 million, above the previous guidance of $345 million to $360 million. And full-year 2008 total net revenue is expected to range from $1.91 billion to $1.93 billion. The company said that it will also cut 800 workers, which is about 8% of its workforce. I am not concerned about this layoff because the company is still hiring new workers. Cutting inefficient workers on an annual basis is an ongoing policy for the company, which is not a bad strategy. <strong>That is why I believe that STP will be one of the winners in the increasingly competitive solar cell industry. Continue to buy STP under $13</strong>. </em><br /><br /><br /><strong>February 4th</strong><br /><br /><em>Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>) shares have been following the decline of oil prices in recent weeks. I think as oil stabilizes at $40, the stock will move higher towards the low teens again. <strong>Buy STP under $13</strong>. </em><br /><br /><br /><strong>February 11th</strong><br /><br /><em>Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>) has been granted preliminary injunctions in Germany to prohibit a Hong Kong-based company from infringing on its brand and trademark. As new stimulus packages around the world include green energy initiatives, Suntech stands to benefit from the move towards solar energy. <strong>Continue to buy STP under $13</strong>. </em><br /><br /><br /><strong>February 18th (alredy trading below $9)</strong><br /><br /><em>Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>) announced its fourth-quarter earnings this week. STP lost $65.9 million, or 42 cents per share, during the quarter, which is up from $50.6 million, or 29 cents per share, a year earlier. In addition, revenue increased 4.2% to $414.4 million.<br />For all of 2008, STP's income fell to $111 million, which is down from $171.3 million in 2007. And revenue for the year increased 43% to $1.92 billion.<br />Looking ahead, STP expects first-quarter revenue to come in between $340 million and $380 million. And it looks for its capital budget to be about $100 million for 2009. I think these results reflect the current competitive state and a potential bottoming in the solar industry. In this environment, smaller inefficient competitors will likely be put out of business while STP gains market share. I still look for shares to turn around in the coming months. <strong>Buy STP under $13</strong>. </em><br /><br /><br /><strong>February 25th (trading at around $7)</strong><br /><br /><em>Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>) announced its fourth-quarter results last week. The company lost $65.9 million or 42 cents per share in the quarter, compared with a $50.6 million, or 29 cents per share last year. However, STP's revenue rose 4% to $414.4 million.<br />Looking forward, Suntech Power said it expected production to rise 60% this year to at least 800 megawatts, despite a slowdown in bank lending to the sector. The company has already signed over 600 megawatts of contracts with its European customers, and it plans to set up an agent network of 100 stores this year to sell household solar-powered devices to the Japan market, which should total 400 to 500 megawatts.<br />In addition, STP aims to triple its sales in the United States to 120 megawatts in 2009. And this is likely to happen, as the U.S. is expected to see total demand of between 400 to 700 megawatts this year, thanks to the stimulus plan.<br />Following the earnings announcement last week, the stock sold off 26% before gaining back some ground yesterday. The market action in STP is not positive. We bought STP -- one of the largest and most efficient solar cell companies in the world -- as a play on the Obama administration's verbal commitment towards solar energy. But like many other ideas announced by the administration, there is far more talk than substance.<br />Therefore, <strong>I do not want you to buy STP anymore</strong>. I think STP may bounce with other stocks in the coming weeks, which will give us a better exit price. <strong>For now, don't buy anymore STP and wait for a bounce above $9 to exit our trade. Hold STP</strong>. </em><br /><br /><br /><strong>March 4th (trading below $6)</strong><br /><br /><em>Hold. <strong>Sell above $9</strong></em><br /><br /><br /><strong>March 11th</strong><br /><br /><em>Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>) has been the victim of some rumors as of late. There has been speculation that the company would be acquired, but I believe these rumors were groundless. Suntech is still very competitive, and there isn't any chance that the company will file for bankruptcy or sell out. And as China's fragmented solar panel sector heads for consolidation, Suntech will emerge as the biggest winner. <strong>Continue to hold STP</strong>. </em><br /><br /><br /><strong>March 18th</strong><br /><br /><em>In addition to selling MT, I recommend selling Suntech Power Holdings (NYSE: </em><a name="STP"></a><em>STP</em><em>). Earlier this year, I recommended STP as a way to profit from President Barack Obama's pledge to promote industries that are environmentally friendly, as well as invest federal money in creating green technology. The company has many competitive advantages, and I thought that it would benefit well from the global increase in solar power.<br />When the environmental spending fell short of expectations, Suntech shares sold off sharply. Even with the sharp bounce in the past week, the stock is only trading around $7. Given the dismal fundamentals in solar industry right now, it will be at least a year before the industry turns around. <strong>Sell STP</strong>. </em><br /></p><img id="BLOGGER_PHOTO_ID_5314836981595382546" style="margin: 0px auto 10px; display: block; width: 400px; height: 121px; text-align: center;" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/ScIYE1caIxI/AAAAAAAAAt0/RhcxiM2C8XM/s400/STP.png" border="0" /><br /><br /><div align="center"><span style="color: rgb(255, 0, 0);font-size:180%;" ><strong>-41%</strong></span></div><br /><div align="center"><strong><span style="color: rgb(255, 0, 0);font-size:180%;" ></span></strong></div><br /><div align="center"><strong><span style="color: rgb(255, 0, 0);">Update March 27th 2009</span></strong></div><br /><div align="left"><span style="font-size:0;"></span></div><br /><div align="left">Just one week after Mr. Hsu told his subscribers to Sell STP, the stock <strong>jumped 44% in one day</strong>. That is <strong>+60% since March 18th</strong> (the Sell date).</div><div align="left"> </div><div align="left"></div><div align="left"><span style="font-size:0;"></span></div><div align="left"><span style="font-size:0;"><img id="BLOGGER_PHOTO_ID_5317771259428512258" style="margin: 0px auto 10px; display: block; width: 400px; height: 254px; text-align: center;" alt="" src="http://4.bp.blogspot.com/_d_m34WKbwYY/ScyEySMEogI/AAAAAAAAAvc/cZ2i3jV5fFw/s400/STP-New.png" border="0" /></span></div><br /><p>It should be clear now that Robert Hsu's advice is extremely useful for investors: if you do exactly the opposite of what he says.</p><p>For Mr. Hsu we have a <span style="color: rgb(255, 0, 0);"><strong>loss of 41%</strong></span> and a <strong><span style="color: rgb(255, 0, 0);">missed profit of 60%</span></strong>.</p><p><br /></p><p style="text-align: center;"><strong><span style="color: rgb(255, 0, 0);">Update April 6th 2009</span></strong></p><p>STP closed at <span style="font-weight: bold;">14$ </span>last Friday. That makes a <span style="font-weight: bold; color: rgb(255, 0, 0);">100% missed profit</span> for Robert Hsu.<br /><strong></strong></p><p><strong><span style="color: rgb(255, 0, 0);"><br /></span></strong></p><p> </p><p> </p>Anonymousnoreply@blogger.com3tag:blogger.com,1999:blog-7518859261865012394.post-41802969975369827822009-04-06T08:49:00.007+02:002009-04-06T18:05:21.380+02:00Is this an April Fool?<em>Wednesday, April 1, 2009<br /><br />***********************************************<br />Deadline Extended: Last Chance Midnight Tonight<br />***********************************************<br /><br />With 6 stocks over 40%, 9 stocks over 30%, and 15 stocks over 10%<br />in just the past four months, response to our $99 Blue Chip<br />Growth sale has been overwhelming--yet I haven't heard from you!<br /><br />That's why I've extended our $99 sale until midnight tonight:<br /><br />To give you one last chance to lock in $100 in savings and one<br />last chance to get the names of the stocks that will reward you<br />this month before earnings are announced.<br /><br />Don't delay.<br /><br />With our top stocks set to deliver blockbuster first quarter<br />earnings, you simply couldn't join us at a better time.<br /><br />That's because here at Blue Chip Growth we don't use flashy<br />trading tactics and we don?t go out on a limb for "fad<br />stocks"--we simply enjoy double-digit profits in today's<br />best-performing blue chip stocks.<br /><br />And when you join us, you will too--or your money back!<br /><br />********************<br />Your Free Report &<br />Money-Back Guarantee<br />********************<br /><br />Grab this last chance to join us before midnight and you'll not<br />only lock in your $100 savings, but also receive instant access<br />to my new report "10 First Quarter Earnings Winners to Buy Now."<br /><br />With earnings season now getting underway, time is of the<br />essence.<br /><br />You have until midnight to grab your $100 savings, and start<br />profiting the Blue Chip Growth way.<br /><br />Don't delay.<br /><br />Go here now: http://www.investorplace.com/order/?sid=ES2155&en=1165507<br /><br />Sincerely,<br />Louis Navellier<br />Editor, Blue Chip Growth<br /><br />P.S. This is your FINAL chance to save! This deadline extension<br />ends promptly at midnight. Go here to grab your $100 savings:<br /></em><a href="http://www.investorplace.com/order/?sid=ES2155&en=1165507"><em>http://www.investorplace.com/order/?sid=ES2155&en=1165507</em></a><br /><br /><br /><br /><br /><br />This is BCG Portfolio. Imagine how it looked without <em>6 stocks over 40%, 9 stocks over 30%, and 15 stocks over 10%</em>...<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_d_m34WKbwYY/SdmpLhQgY8I/AAAAAAAAAvs/zlwclkYwDOc/s1600-h/BCG.png"><img id="BLOGGER_PHOTO_ID_5321470450086208450" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 28px; CURSOR: pointer; HEIGHT: 46px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_d_m34WKbwYY/SdmpLhQgY8I/AAAAAAAAAvs/zlwclkYwDOc/s400/BCG.png" border="0" /></a>Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7518859261865012394.post-82213489375001205792009-03-27T10:30:00.002+01:002009-03-27T10:35:46.451+01:00Louis Navellier and CF - Missed missed missedBetween January and February 2009 Louis Navellier closed his position on CF for his services BlueChip Growth and Emerging Growth.<br /><br />The sell price was between $45 and $54, as you can check <a href="http://investorcrap.blogspot.com/search/label/CF"><strong>here</strong></a>.<br /><br />CF is currently trading at around $74. That is a 37% to 64% missed profit for the "<em>icon of growth investing</em>".<br /><br /><br /><a href="http://3.bp.blogspot.com/_d_m34WKbwYY/Scyc93TZIGI/AAAAAAAAAvk/OwAKVpFoucg/s1600-h/CFNew.png"><img id="BLOGGER_PHOTO_ID_5317797846648954978" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 226px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/Scyc93TZIGI/AAAAAAAAAvk/OwAKVpFoucg/s400/CFNew.png" border="0" /></a><br /><div> </div>Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7518859261865012394.post-37874122709365964962009-03-24T11:45:00.003+01:002009-03-24T11:50:50.114+01:00Robert Hsu and SH<a href="http://1.bp.blogspot.com/_d_m34WKbwYY/Sci6DtgIEAI/AAAAAAAAAvU/zovN6Hk9eFU/s1600-h/robert-hsu-buffo3.png"><img id="BLOGGER_PHOTO_ID_5316703933027586050" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 100px; CURSOR: hand; HEIGHT: 100px" alt="" src="http://1.bp.blogspot.com/_d_m34WKbwYY/Sci6DtgIEAI/AAAAAAAAAvU/zovN6Hk9eFU/s320/robert-hsu-buffo3.png" border="0" /></a>March 5th 2009 <div> </div><div><em><strong>U.S. Stock Market in Freefall<br /></strong></em></div><div><em>The bloodbath continued this week as more bad news sent the global stock markets reeling. As a result of deepened economic recession and financial crisis, the U.S. stock market traded off early this week with the Dow plunging below 7,000 on Monday for the first time since 1997 and falling closer to my low-end target of 6,500 at today's close. In addition, the S&P 500 dipped to its first close below 700 since October 1996.Year to date, both the Dow and S&P 500 have dropped more than 20%.<br /></div></em><div><em>The freefall in U.S.-traded shares is a direct result of the deteriorating economy in the U.S. In the fourth quarter, the U.S. economy contracted far more than previous estimate of 3.8%. U.S. GDP shrank at a 6.2% annual pace from the third quarter, which is the fastest contraction since 1982. This slowing in GDP was greatly due to the 4.3% drop in consumer spending in the fourth quarter -- the most since 1980.<br /></em></div><div><em>I expect the economic picture in the U.S. will grow darker before things get better. That's because many U.S. companies continue to lay off employees, U.S. banks continue to tighten their lending and housing prices continue to fall. And consumers are feeling the pain, as well as many U.S. corporations. According to Bloomberg, fourth-quarter earnings declined 58% on average for the 465 companies in the S&P 500 that have reported results since January 12.<br /></em></div><div><em>This is a vicious cycle. The U.S. is suffering from a much deeper recession than originally thought, and President Barack Obama's $787 billion stimulus package won't have a much of an impact until the end of 2009 -- at the earliest. That's why I expect more economic deterioration in the U.S., and for U.S. stocks to face an even bigger downside risk this year.<br /></div></em><div><em><strong>New Buy: ProShares Short S&P 500<br /></strong></em></div><div><em>So this week, I want to provide you with a way to hedge our China Strategy portfolio by shorting U.S. market. The option available to investors like us is the ProShares Short S&P 500 (NYSE: </em><a name="SH"></a><a class="getaquote" href="http://asia.investorplace.com/china-strategy/getaquote/?STOCK_VAR=SH"><em>SH</em></a><em>). This ETF "shorts" the market -- betting that U.S. stock prices will fall -- by using combinations of stocks, index futures and other derivatives that increase in value when stock prices tumble. It tracks daily investment results that correspond to the inverse of the daily performance of the S&P 500 Index -- that means when the S&P declines, the ETF moves higher. </em></div><div><em></em> </div><div><em>I want you to buy a large position in SH, enough to offset most of your exposure in Chinese stocks. Buy half of the position right away and the other half under $88. I expect to sell it at much higher level as the U.S. stock market continues to deteriorate. </em></div><div> </div><div> </div><div><strong>March 12th</strong></div><div> </div><div><em>ProShares Short S&P 500 (NYSE: </em><a name="SH"></a><em>SH</em><em>) shares dropped slightly this week as the S&P 500 rallied strongly on Tuesday. SH dropped below $88 yesterday, giving you a chance to buy the second half of your position. If you don't have a full position yet, take the opportunity to buy SH now under $88, while the U.S. markets are in the midst of a bear market rally.<br />As I discussed above, I expect the S&P to trade between 670 and 750 until this summer. And I wouldn't be surprised to see it break the 670 level and head lower. That's why I recommend that you hedge your China positions with SH. <strong>Buy SH under $88</strong>.</em> </div><div> </div><div> </div><div><strong>March 19th</strong></div><div> </div><div><em>Question: With regards to your comment "to buy a large position in ProShares Short S&P 500 (NYSE: </em><a name="SH"></a><em>SH</em><em>), enough to offset your exposure in Chinese stocks", do you mean if an individual has "X" dollars in Chinese stocks, he should buy "X" dollars in SH?<br />Answer: As an investor, if you are bearish on U.S. stocks but bullish on China that is exactly what you should do. And even if you are not bearish on U.S. stocks, I still think that you should buy have a position in SH, but in much smaller amount. My recommendation meant that I wanted you to buy more SH than a typical China Strategy position, but not to put the position on all at once. That's why I recommended purchasing your first half at current levels, and the second half below $88.<br />After recommending SH, though, the bounce in U.S. stocks this past week was more powerful than I had expected. Because of this, I recommend placing a stop loss on your SH holding. I normally don't give out stop loss levels in China Strategy, but because of the trading nature of index hedging, I am today. Place a stop loss to sell half of you SH position if it closes below $73.50. </em></div><div> </div><div> </div><div><strong>March 23rd</strong></div><div> </div><div><em>We've seen the mindset of U.S. government leaders change sharply in the past three weeks. Three weeks ago, Washington's focus was on nationalizing banks, which would have been disastrous for the U.S. economy. Today, the focus is on encouraging private sector investments, which was the right thing to do all along. So, at this point in time, I don't think that its prudent to be hedging our portfolios so aggressively with the markets showing strength right now. I expect the S&P 500 to rally back up to the 900 level by summer, and then likely pullback again in the fall. That's why I'm recommending that you lift half of your portfolio hedge in ProShares Short S&P 500 (</em><a name="SH"></a><em>SH</em><em>). I recommend that you sell half of your position in SH, and sell the other half if it closes below $73.50. </em></div><div> </div><div> </div><div><a href="http://3.bp.blogspot.com/_d_m34WKbwYY/Sci58YcfUiI/AAAAAAAAAvM/jZQLvifctJI/s1600-h/SH.png"><img id="BLOGGER_PHOTO_ID_5316703807116104226" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 122px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/Sci58YcfUiI/AAAAAAAAAvM/jZQLvifctJI/s400/SH.png" border="0" /></a><br /><br /><div></div></div>Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7518859261865012394.post-446891143780876042009-03-24T11:39:00.005+01:002009-03-24T11:43:23.055+01:00Robert Hsu and EFU<div><a href="http://4.bp.blogspot.com/_d_m34WKbwYY/Sci4gE65ctI/AAAAAAAAAu8/rvcrNXsiMuc/s1600-h/robert-hsu-buffo12.png"><img id="BLOGGER_PHOTO_ID_5316702221326971602" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 128px; CURSOR: hand; HEIGHT: 120px" alt="" src="http://4.bp.blogspot.com/_d_m34WKbwYY/Sci4gE65ctI/AAAAAAAAAu8/rvcrNXsiMuc/s320/robert-hsu-buffo12.png" border="0" /></a><strong>February 11th 2009</strong></div><div> </div><div><em><strong>Europe in Deep Recession<br /></strong>Similar to the situation in Japan, Europe's economic problems are rooted in its shrinking workforce, which is due to its structural demographic problems. There are high numbers of elderly people in the region, and the birth rates in Western European countries are very low. Because of this, there are not enough people entering the workforce to make up for the amount of people retiring. This has put a drag on the region's economic growth, and I look for this trend to continue.<br />Here's why: Europe is sliding into its worst recession since World War II. Europe's service and manufacturing industries contracted for eight months straight, and confidence in the economic outlook fell to a record low. These contractions have resulted in a low-ball official 7.8% unemployment rate, which could jump to double digits this year.<br />In addition, Germany -- Europe's largest economy -- may have contracted as much as 2% in the fourth quarter of last year, which would be the biggest quarterly contraction since 1987. Plus, the euro may shrink over 2% this year.<br />Despite all of these negative developments in Europe's economy, the European Central Bank (ECB) has been very reluctant to cut interest rates. Right now, the interest rate is steady at 2%, and the ECB has shown no indications that it will cut rates any time soon. Unfortunately, its wait-and-see approach is not acting fast enough to protect the economy. As a result of this, I believe Europe's economy will not recover until after the U.S. does, giving us enough reason to invest in an inverse ETF that's shorting the region.<br /></em></div><div><em><strong>New Buy: ProShares UltraShort MSCI EAFE</strong><br />So this week, I recommend shorting European stocks by buying an ETF -- ProShares UltraShort MSCI EAFE (NYSE: </em><a name="EFU"></a><em>EFU</em><em>). EFU allows us to short stock indexes by buying regular stock shares. It is also easier to trade, as it eliminates a lot of the risk involved in typical short selling.<br />EFU shorts the benchmark of the MSCI EAFE (Europe, Australasia, Japan) Index, which represents the developed markets outside of North America. The MSCI EAFE Index consists of 21 developed market country indexes, including the United Kingdom (20%), France (11%), Germany (9%) and Switzerland (8%). And in all, European companies make up two-thirds of the index.<br />EFU tracks daily investment results that correspond to twice the inverse of the daily performance of the MSCI EAFE Index. So this means that EFU should gain about twice as much, on a percentage basis, as any daily decrease in the MSCI EAFE Index. So if, for example, we use 5% of our allocation to EFU, our net equity exposure would go down by 10% without a lot of turnover.<br />Therefore, <strong>I want you to buy EFU under $104</strong>. <strong>I expect it to hit $120, giving us at least a 15% return in this trade</strong>. </em></div><div> </div><div> </div><div><strong>March 11th 2009</strong></div><div> </div><div><em>ProShares UltraShort MSCI EAFE (NYSE: </em><a name="EFU"></a><em>EFU</em><em>) shares dropped in trading yesterday as European stocks advanced, pushing the Dow Jones Stoxx 600 index to its biggest gain in three months. This was the bounce that I have been expecting, and it may last a few days. But, as you know, I'm still expecting the European economy to struggle this year, and EFU is one of the best ways to take advantage of this nation's weakness. So <strong>I recommend that you take advantage of the drop in share price and buy EFU under $135</strong>.</em></div><div> </div><div> </div><div><strong>March 23rd 2009</strong></div><div><br /><em><strong>Sell ProShares UltraShort MSCI EAFE (NYSE: EFU)<br /></strong></em></div><div><em>If you recall from mid-February when the recent U.S. stimulus plan was proposed, many investors were on edge. But not just about if the stimulus would work -- also about the vagueness of Treasury Secretary Timothy Geithner's explanation of a planned rescue package. Geithner said that more details would come in the following weeks, but that was no comfort to already anxious investors.<br />So after weeks of indecisive posturing, Geithner finally unveiled the Treasury Department's plan today. And fortunately, the plan is set to help banks unload troubled assets and help unfreeze credit markets.<br />I have told you before that the best way to resolve the bad debt crisis is to let the government create incentives for private sector investors to buy toxic assets from financial institutions. I have said that if the Treasury is willing to guarantee against potential downside risk and/or allow tax incentives for investors, private equity funds, and hedge funds that other investors would step up and buy some of this debt. I think this approach is superior to the Treasury buying these assets directly or nationalizing the banks, mostly because the U.S. government is simply not in the business of running banks or managing bond funds. And fortunately, Geithner agrees.<br />According to the plan, the Treasury would lend $75 billion to $100 billion to provide leverage and guarantees for private investors. The FDIC will insure most of the deal. It will leverage private funds at a six-to-one debt-to-equity ratio, while the Treasury Department will finance half of the remaining balance. Therefore, private investors will only have to put up about 7% of the deal in upfront cash. These factors will likely entice some investors to participate. And I think if the Treasury can offer tax benefits that the deal would be even more attractive.<br />Even though this plan came a little late, it is the kind of leadership and action the banking system needs from the Treasury. Money is not enough to fix every financial problem, but this plan shows that the Treasury is willing to do whatever is necessary to take out toxic assets.<br />And the Treasury's plan makes me even more confident that we are seeing the beginning of a bottoming process in financial stocks. I think that this plan, when combined with the Fed's quantitative easing, the FASB's willingness to modify mark-to-market accounting and the SEC's consideration to bring back the "uptick rule" on shorting, may finally break the deadly downward spiral in financial assets that started last October.<br />Today's action is very bullish for stock investors everywhere. The resurgence of liquidity in the U.S. system will make it easier for debtors everywhere to refinance their loans, and prevent a global economic meltdown. In addition, this will lift global stocks everywhere and cause the market to move higher. Without U.S. financial stocks dragging on the global market, Asian stocks led by Chinese shares can finally move up. And in Europe, these plans will improve global liquidity, since much of the toxic assets held by European banks are U.S. debt..<br />I look for the European economy to improve due to this increased liquidity. While this is good news for the European economy, it is negative news for our holding in ProShares UltraShort MSCI EAFE (NYSE: </em><a name="EFU"></a><em>EFU</em><em>). We originally bought EFU to profit from the dire economic scene in Europe, But since this will be seeing brighter days, I recommend that we get out of this investment. So <strong>let's cut our loss and sell our position in EFU</strong>.</em></div><div><br /> </div><div><img id="BLOGGER_PHOTO_ID_5316702298914818082" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 121px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_d_m34WKbwYY/Sci4kl9SCCI/AAAAAAAAAvE/AQ4VWL3r_BA/s400/EFU.png" border="0" /></div>Anonymousnoreply@blogger.com0