SEPTEMBER 05, 2008 - The Fed will not raise rates after today's employment report that showed unemployment rising to 6.1% - there will be a call for them to lower rates now. Would continue buying recommended banks and brokers. The July 15 lows of banking and consumer stocks will hold - commodity stocks will go lower but think natural gas has bottomed. It may be getting time to buy the semis (SOX) that hit a five year low today. Oil has not bottomed yet.
perfectly positioned in coming rig shortgage - has great pricing power
78.59
+191.40%
05/29/08
buying it for the Trust - has a near monopoly - will buy more under 80
80.88
+199.89%
06/11/08
buying it today for the Trust - a great stock to own in this environment
83.36
+209.08%
07/31/08
the stock has weakened as oil prices came down because of fear of co losing rig orders - CEO interviewed: a pullback in oil prices doesn't affect our backlog (now $10.8B going well into 2011) - new technology makes drilling extremely safe today - see a possible large increase in US land rigs because of new natural gas discoveries - Cramer says stock is the best drilling related name in the world - would start building a position down here
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