Sunday, September 13, 2009
Punch Bowl List of Live Longs
US Futures are down 1% tonight (at this writing) and bears are no doubt salivating. The end of the rally is quite possibly, ever so likely, perhaps finally at hand.
What better time than to update some of the punch-bowl longs for aggressive growth.
Don't do what I do, but if we gap lower Monday and the market catches a bid, I'm using this list to fire fresh, weakened dollars for long-side trading. If we fail to catch a bid and blood begins to tint the water, then the list self-destructs and I'm scrambling to further neutralize my position; which right now stands roughly 1.8-to-1 net long, hedged by SKF, SRS and UUP.
Except for several of the Chinese ADR's, which are highly ranked in-and-of-themselves, names from this list hail from industry groups currently ranked in the top 50 (out of 197 industry sub-groups ranked by IBD).
Chinese ADR's (hot till they're not):
Non-Chinese (all from highly-ranked industry groups):
NVEC (very thin)
CREE (only above friday's 2ndary pr. 35.00)
Noteworthy (live longs not from top-50 group ranking):