Date updated:07-14-2008
Growth at reasonable cost. High volatility preferred. Will sell covered calls. Will also buy calls and puts. Will also use ultra ETFs for long and short positions.

-
FCX
Freeport Mcmoran - $43.71
- -2.56%
- $42.72
Strong continuing demand for gold, coper and other products. Inflation hedge. High volatility makes it attractive for selling covered calls.

-
ATW
Atwood Oceanics I - $26.88
- -11.87%
- $29.22
High growth deep ocean driller with good contracts and prospects. Low PEG. High volatility makes it attractive for selling covered calls. Low PEG.

-
SKF
Ultrashort Financ - $120.55
- 0.00%
- $119.00
The financials are falling apart again. A short to medium term short looks like a good bet. SKF would be a great 2X catch-all for a decline. Volatility also make it good for selling covered calls. Sell near-term out-of-the-money covered calls for good premiums.

-
FXP
Proshares Ultrash - $116.80
- 0.00%
- $113.96
China is an overblown bubble, with many Chinese companies investing in other Chinese companies and hyper-inflating one-another's stocks. The Chinese currency will also eventually have to be raised substantially against the dollar. Ultra ETF very volatile and great for selling out-of-the-money covered calls.

-
TTES
T-3 Energy Svcs - $25.92
- -13.66%
- $28.56
Very good small-cap oil service play with expected 5-year growth rate exceeding 60%/yr. Low PEG.

-
ILF
Ishares S&p Lat A - $29.88
- 0.00%
- $29.47
Latin America, particularly large caps, seem the safest and most attractive long play at the moment. Volatile and great for selling covered calls.

-
AOB
American Orientl - $5.48
- -5.84%
- $5.92
Low cost bioengineering sleeper for long-term holders. Low PEG.

-
POT
Potash Cp Saskatc - $86.91
- -8.86%
- $87.25
High-priced high-growth stock with great long-term prospects. Buy on pull-back. Sell near-term out-of-the-money covered calls for good premiums.
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