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TRADR

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P&P Score: 0.45 Points: -279.76 Accuracy: 55.43% Average Pick Score: -2.93 Annual Return: 7.07% (26.00% since 6/10/08)

TRADR's Blog : SOLAR, FINANCIALS, RETAIL OH MY!!!!!

Date

August 14, 2008

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I have been watching these three sectors for some time now and believe that with oil trading so erratically (at least more than normal), I would hold off on the solar and oil sectors until we can see which direction oil is going to go. If oil keeps going down or stays below 120 the excitement or urgency over the solar/alternative power industries will not die but definately slow.

The financials are beaten and battered. This is going to make a lot of people a ton of money, if you pick the right one and hold on to it long enough (ie. have the balls to hold on if it keeps going down). Washington Mutual, Freddie, Fannie, Citigroup are all possibilities but don't bet your life savings on it. There are two financial companies Bank of America and Wells Fargo that are actually posting earnings but I am waiting for another pull back from them.

The retail sector is prime pickings right now. Most earnings are respectable and they are only going to get better as the retailers adjust their plans and inventory to work with this new economy. Officemax, Target, Pier One, Wal-Mart and Hansens are all good picks.

Happy Trading

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PrimoTenore Date

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August 14, 2008 15:50 Abuse this post

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Hi Tradr!

In the financials, you didn't mention my favorite- National City NCC. They seem to have bottomed very smoothly. Look at a 6month or 1 year chart and you see it's awfully stubborn about hanging around at $5.

WM doesn't look as safe to me. The choppier chart looks like everybody's playing a guessing game with that one. Citigroup is the one that really scares me. I don't think anyone knows where that's headed or when.

I think retail is going to be a great sector, but I don't know if I'm ready to jump in with both feet yet.

Good luck!

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