Selling STLD and Buying back VGR

I am taking my gains from Steele Dynamics as it has crossed my target price.

I am getting back into VGR with the pull back that happened yesterday ... this stock has great yield.

Adding 5 stocks for the long term

Adding the following stocks for long term growth:

The Shaw Group - SGR
Freeport-McMoRan Copper & Gold Inc. - FCX
ConocoPhilips - COP
Raytheon - RTN
VMWare - VMW
Hudson City Bankorp - HCBK


I think all these stocks have great growth prospects and with the recent pull back, this is a great time to buy

Selling YHOO

Yahoo has had a good run ... I am taking my profits and moving on. With Google heading for new dizzying heights I am nervous about Yahoo's return in the short term.

Selling Frontier Oil Corporation

Having gone past my target price of $40 by a loooong margin. I sold FTO today for a gain of over 37%.

Adding Citigroup

Now looks like a great time to buy Citigroup. Stock is near its 52 week low - pays a dividend of 4.6% and Citigroup isnt going away anytime soon with a market cap of 233B :)

Selling Maxwell Technologies

The stock has jumped back up over 35% so i am selling and taking my gains.

Adding Maxwell Technologies

Maxwell has lost over 15% value in the last week itself. I am adding it to my portfolio with a target price of $17

Adding FTO and Selling UNFI

Here is what Jubak says ... and I agree.
Refining margins continue to soar which should generate a huge cash flow at Frontier Oil (FTO). At the end of the first quarter the company's cash balance was $455 million, more than twice the level of the same quarter in 2006. But it's the future opportunities that the company has to put that current cash to work that I find most attractive at a time when the oil industry as a whole is struggling to find a place to reinvest its profits. The company expanded capital spending by 67% in the first quarter to add capacity to its existing Kansas and Wyoming refineries. In addition, Frontier Oil kicked off 2007 by buying a small ethanol blender giving the company added capacity in that growing market. The long-term future is even more interesting: As more oil flows south from Alberta's oil sands, the Rocky Mountain West will go from being a refining backwater to one of the most promising opportunities for expansion in the industry. Since Jubak added the shares of Frontier Oil to Jubak's Picks with a target price of $57 a share by March 2008, the stock is down by over 25% and is an excellent time to get in.

I am taking my gains with UNFI and moving on ... the recent sell off has created a lot of opportunity to buy and hold.

Adding Yahoo

The company has strong brand and is THE portal for the world's internet users. They'll always be around and they'll learn how to make more and more money off the net and it's users in good time.

Buying Bebe

Considering this stock has lost almost 17% in the last 6 months and summer = shopping for women :) ... I have added this to my portfolio as of Friday

Goldcorp Inc

I am selling Goldcorp and taking my 10% gain

Adding Duke Energy, Selling CDE

Adding Duke Energy (DUK) to the portfolio. Main reasons for adding are
1. The stock is down almost 12% in the last three months
2. The company has been 21 cents a quarter.

Selling CDE. It is up 11% in three months. Taking the gains

Investment Philosophy

Over the last couple of months I have tried to find stocks that have good fundamentals but due to market sentiments posted huge (10% plus) price drops in a day. The idea is that eventually the price climbs back up if the stock is good and its a good way to make a quick buck.

STEC and BRNC worked for me but SIRF has slid further down since I bought it. I am taking my gains for STEC and moving on.

Bronco Whole Foods and Pfizer

A couple of updates this week:

Bronco Drilling, which dropped by 12.5% in a day has climbed back upto its origindal price and I am selling and taking the 10% gain in a month.


Whole Foods Market Inc has hit close to my buy target and I am buying it at $40.08. This is a stock I intend to hold long ... it is in Jubak's Future Fantastic 50 Portfolio.

Pfizer has slumped to my buy target. I am buying it, again with medium to long term horizons. This stock also pays 3.94% dividend and can be classified as an income stock.

Headwaters Incorporated

I believe now is a good time to buy HW. It has lost 30% in the last one year and is still in Jubak's picks with a target price of $32 by December. I am willing to hold out longer if needed

Adding United Natural Foods

Wherever you run into organic produce, chances are it got there thanks to United Natural Foods. The company is the largest national distributor of organic and natural foods, offering more than 40,000 products from 17 distribution sites nationwide. It serves the gamut of clients, from Whole Foods and Wal-Mart to small specialty retailers, so it seems positioned to profit from growth in demand for organic products wherever it may occur. It faces no significant competition: Wild Oats, a natural foods chain that recently agreed to be acquired by Whole Foods, contracted with a rival distributor in 2002, but brought its business back to UNF three years later.

Added Goldcorp, STEC Inc and Sirf Tech

STEC posted a 20% drop in a day. In line with my philosophy of buying fundamentally strong stocks with huge drops this looks like a good buy.

I also added Goldcorp and Sirf Tech to my portfolio.

Vector Group Reports First Quarter 2007 Financial Results

First quarter 2007 revenues were $133.9 million, compared to revenues of $117.7 million for the first quarter of 2006. The Company recorded operating income of $25.7 million for the 2007 first quarter, compared to operating income of $20.2 million for the first quarter of 2006. Net income for the 2007 first quarter was $23.1 million, or $0.37 per diluted share, compared to $10.0 million, or $0.17 per diluted share, for the 2006 first quarter. The 2007 results included an approximate $19.6 million pre-tax gain related to the Company's previously announced NASA settlement.

For the three months ended March 31, 2007, the Company's conventional cigarette business, which includes Liggett Group cigarettes and USA brand cigarettes, had revenues of $132.8 million, compared to $115.7 million for the three months ended March 31, 2006. Operating income was $35.5 million for the first quarter of 2007, compared to $30.4 million for the first quarter of 2006.

News - Goldcorp

Goldcorp 1st-qtr profit jumps on Glamis takeover. Goldcorp earned $124.9 million, or 18 cents a share, in the period ended March 31. That compares with a profit of $92.4 million, or 27 cents per share in the year-before period. Analysts polled by Reuters had expected, on average, profit of 18 cents per share in the quarter. Gold production surged 89 percent in the quarter to 558,000 ounces from 295,100 ounces, helped by the inclusion of Glamis and of mines acquired last year from Placer Dome. Cash costs were $181 per ounce, Goldcorp said. Operating cash flow rose to $122.6 million from $74.4 million, while revenue jumped by 77 percent to $505.6 million. The company said it expects to produce about 2.5 million ounces this year, a slight dip from previous estimates of 2.6 million ounces. Cash costs are expected at $150 per ounce.

Added Bronco Drilling Company to the portfolio

This stock just lost 12.5% in a day because of flat earnings in Q1. This is an excellent time to get in with a target price of $19