Which feel to a fresh 52-week low just before the retailer announced it had reached a settlement with the SEC in a previously disclosed investigation into improper collections of vendor markdown allowances. Excuses me but this should not have sent Saks down this low. Right now many people/bears are grouping an stock that is related to consumers/retailing with the subprime mess; and Saks is one of them. Near its 52-week low Saks caters to a different demographic of consumers as shown by there great same-store sales for the month of August. SKS has a short position of 11%

Last week FNSR was downgraded to “buy” from “strong buy” by Needham & Co sending shares to a fresh 52-week low. Finisar provides optical components that connect local area network and storage data world-wide. Some investors feel that Finisar is losing sales to other competitors but this hardly the case. With $100MM of total cash on the balance sheet FNSR is not going anywhere for sometime. ADC Telecommunications a major competitor of FNSR reported great earnings a few days ago showing the true cyclical strength in this sector. I expect the same thing from FNSR next quarter. Shorter-term FNSR is poised to bounce-back from the 52-week low list as investors and traders see the bottom

BA which has been hammered some 10 points from its high. BA is a very interesting stock has investors felt the need to sell BA off as there was some speculation that their star plane the “787 Dream-liner” would have small delays in production. While this is true it seems as though the Boeing will certainly its projected target for December. Boeing has a total monopoly in this sector; Lockheed Martin is to busy in the defenses contract space and Airbus cannot get there act together.

On Wednesday of last week shares of OSIS sank 20% after beating estimates for fiscal 2007 earnings but issuing disappointing revenue guidance for the first quarter and fiscal 2008. OSIS mgmt setup investors for the perfect UPOD-- OSIS provides electronics to the security and health care industries. Both technology and health care services are in total bull market so it is unlikely that OSIS will miss the next quaters #. OSIS is a great snap-back name into two total bull markets.

EMC is flat for the month even after the AMAZING IPO of VMW. I still think EMC can see $25 by the end of the year. With EMC holding 87% of VMW right now it is the cheapest way to play VMW. Right now investors are paying 66x earnings for VMW but investors can "get" VMW for 44x earnings if they just buy EMC. I also did another video with Jim Cramer (which can be found on thestreet.com) in which we talked about some trading based ideas around VMW and EMC. The growth figures on VMW are outstanding. Also, VMW cuts companies technology related energy bills by 40%, and with the recent Senate passing the pro-renewable energy bill VMW will benefit. EMC also reported great earnings a few weeks back the market sold it off.

What happened to all of the rumors that AA was going to be taken out??-- What about all of the people who bought Sep. and Oct. calls on what seemed to by the mostly likely takeover target??-- For starters there was a rumor (which was shown on CNBC) that RIO was not going to bid for AA. Last week AA was downgraded and shares sank another 4.5% on friday alone. With all of that being said AA is a great buy right now-- If and when the FED cuts rates all metal stocks will rally. While take-over rumors have died (for now) Jim Cramer has said that AA would not be public company in a year. Any DOW rally from here will have AA has the leader. Near its 52-week low

With gold over $700 an oz. AUY is a great spec. on the gold rally. With a market cap of $4BB AUY could also be a take-over target as well.

NLY may be the single best play on a FED rate cut. Up 5% in a horrible tape on Friday (and with heavy volume) NLY would see inc. earnings and rev. from a FED rate cut. If you have yet to listen to the NLY conference call you need to do so. They out-line what is really going on in the sub-prime market (and from their take its not pretty)-- Jim Cramer said that NLY is a down 1-2 points up 10 points risk/reward (if the fed cuts)-- I would say its a down 1-2 points up 5 points in the near-term if the fed cuts and I think Fridays action proved this.