You also, want to keep a serious eye on shares of phone carrier Sprint (S), which was actually up during last week’s 350 point market sell-off. Right now, there is some serious rumbling that T-Mobile is sniffing around at various Sprint assets. Shares of Sprint are down about 60% for the year, and despite recent investor disappointments, there is some intrinsic value to have 75 million clients. Also possible, is that Sprint would be a natural acquisition by Deutsche Telekom (DT)—Add in the weak dollar, and shares of Sprint are down more like 70%-80%

From $200 oil port---APC is also a great stock to play for a short-term snapback rally. Anadarko(APC) is specially prepared for the prospect of $200 oil. Both on the Natural Gas side and on the Oil side. They have international exposure, but with Oil that high, transportation costs will become an issue for the major oil companies. For US domestic usage the Gulf of Mexico is a strong local source. They are drilling deep to develop new fields, and have the best rig inventory lock ups in the Gulf.. In both the Miocene and Lower Tertiary Prospects, they are planning on drilling an additional 10-15 wells for exploration and appraisal. More oil and gas, means more profit On land, they have an equally impressive record. APC has identified 25,000 Lower-risk drill sites identified, and plan to drill 9 to 11k of those wells in the next 5 years. Those are all within Wyoming, Utah and Colorado The Marcellus Shale reserves in Pennsylvania haven't been fully explored or brought on line yet. But, at 200$ and a corresponding higher price for Nat gas, the incentive to bring these new finds up to production is substantially higher. Their breadth of exposure throughout the Gulf of Mexico allows them to tie their infrastructure together for $1bb of savings on pipeline and development costs Further on the Natural Gas side, Anadarko is developing a recently acquired property in the South China Sea. China is obviously a large user of all types of energy, so this will provide more local supply for the whole South east Asian area. In the last 3 years, APC has logged a 50% deep water drilling success rate. This is the highest in the industry. If oil goes to 200, then Deep water consistency will allow them to charge higher fees for drilling and finds. Africa exposure in Ghana is larger than they originally thought. Unlike most oil and gas finds, every time you drill you come up with less oil. Their Ghana find is unique because every time they drill in that area, they find that the area is larger than they thought Anadarko (APC) is also dirty cheap, trading with a forward PE of 12.37. With oil going to $200, the earnings estimates are way too low.

Earnings play---Low end discount is the way to play this slowdown--13% short position, so we could get another BBBY like move.

Pure snapback play and bet that the market is oversold

First up this week are shares of Terex (TEX), which was totally poled-axed as OshKosh (OSK) cited “a slowing economy and weakness in the nonresidential construction market in North America and Europe” First off, Terex (TEX) which makes various mining equipment, cranes and other platforms boosts that most of their products are sold out for 2008 to 2009, even though Terex is not leveraged to the US economy at all---70% of revenue comes from abroad. Terex is extremely cheap, with operating margins well north of 10%+ and a forward P/E of 6.8(!!). The last two times Terex hit this level, it snapback hard, rallying over 10%-15% days after its decline. My bet is that this is no different.

$2bb in cash--the best chips in the world + rumors that INTC might want to take a stake, or buy NVDA out--makes this one name that could rocket higher

Making daily 52week highs, and with the CEO claiming that HUSA can earn $3 by 09'-10', HUSA could trade higher

I thought when the market sells-off, you buy companies like KO? Sitting on its 52-week low, KO is a screaming short-term buy.