for July 12, 2007
  1. AAPL iPhone Nano rumors were certainly good for the stock, but certainly not substantiated at this point.  Once again, we are in this stock for somewhere between 6 to 18 months, maybe longer. (unless of course sales crater or something)
  2. MTL continues to run, a bit too fast so we may be selling soon unless there is a healthy pullback with continued run.
  3. We may see a bit more weakness in NYX and LEH before they rocket, and it will happen eventually.  The markets are in voting machine mode, not weighing machine right now on these stocks.
  4. We dropped the PCU entry, it has run away.  It was a great pick seeing how far it has moved up, even in a down market, but we missed our entry point.  I understand that some of you get in anyway at prices close to our entry.  Certainly do not recommend this, ever, as you can get buried in other direction, so don't be greedy in taking profits, do it now.