Earnings and multiple are too low. Still has upgrade upside as 5 analysts have holds on the stock. On July 5th I trimmed down my share of GS in order to make some other purchases. I still love the stock, but in the short term I think its uspide is limited because people think it's like BSC. Even J.C. says it might fall to an 8 multiple before it rallies, which is just amazing. July 20th: THIS STOCK IS CHEAP B/C IT HAS HEDGED SUBPRIME WITH INTERNATIONAL EXPOSURE AND WILL CONTINUE TO DO SO FOR YEARS.

When I wrote this, LEH was almost as cheap as GS. Not as good as GS but still good enough for me to double down with two brokers. July 5th: trimmed this financial down just like GS eventhough that C.C. was incredible (60% of revenues are overseas). Looking back I know that I got too piggish and should have sold out at $81-82. July 20th: SAME REASONING FOR GS

Well positioned in both Gold and Copper markets and I don't see those plummeting anytime soon. July 5th: Shnitzeled a little after 15 points. I can use that word even if I am not Jewish. Right?

Could be dead money from June-August but I don't care because this thing is going to explode and I'd rather show up too early to a party than too late. July 15 update: We have seen the bottom at $72. Hazzaaaaa!!!

Will only add average down if it breaks 70. JULY 20: will add at 78 now I know that the bottom is @ $72ish

NEW POSITION: I like AMX but MICC is trying to tap into the African Telecom Market (In addition to its South American market exposure) which will double in 3 years according to FORBES. JULY 25TH: GOT ABUSED/DESTROYED/EMBARASSED/HUMILIATED/F*'CKED UP by that earnings BUT I ONLY HAD 1/2 OF MY POSITION IN THE STOCK (THANK GOD). I AM STILL A BELIEVER IN INTERNATIONAL WIRELESS GROWTH AND THIS STOCK IS INTERNATIONAL. I MIGHT EVEN ADD AMX.

NEW POSITION because.... I view this as a textbook case of: "lots to gain with little to lose." To quantify that statement I believe 2 down 10 up in the next 3 months because it seems to have bottomed at around 38. July 19th Earnings should kick off the move up. BTW J.C. has a position in this stock

NEW POSITION because.... It has contracts with RIMM, GARMIN, GM, and MOT, just to name a few. Yet is only 6 points higher from where it IPO'D OVER THREE YEARS AGO. Management has maintained earnings forecasts, and last time I checked not many cell phones had a GPS chips in them, which is what this company is all about. Even the most conservative analyst gives SIRF a $26 price target. I am buying 1/2 my position in it to possible catch an earnings surprise on July 19th, same day as IGT.