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Stock picks

My QQQQ Fibonacci series play which I posted here a few weeks ago, is still live.

With the market rally yesterday, I am in plus territory and still looking for a few hundred points further up on the NAS before closing it.

Additionally today I took opening positions in HOV, CTX, KBH and PHM. There are more homebuilders that are out there, but Bill Miller of Legg Mason Value Trust owns the later three, and that is good enough for me. This is clearly an early play - I don't expect a housing rebound sooner than one year - but the stock price may anticipate the demand. At least that is what I hope....

Comments

James said…
Gutsy move to dive (pun intended) into home builders at this stage, but the Oracle of Omaha bought HOV so maybe it's not too early.

One that intrigues me is Gatehouse Media (GHS). They own over 80 different local newspapers and yellow pages and the current yield is over 12%. The stock has been beaten down because of the concern about falling advertising revenues at the big papers like the New York Times, etc. Plus, lately a PIG has taken a small position in the stock. I sense a buyout, but even if there isn't one, the yield is nice.

My most recent buy was CTSH.

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