Stock Picks for August 10, 2007

SAIA stock pick average down filled at open at a better price.  We got a great price on this.  This will be our last average down on this holding until things settle down in the broader market, but we are extremely happy with the deals we got. What a day in the markets.  Down -387.  Not much more of another decline and we will be testing the lows again like we said would happen in yesterdays newsletter.  Nothing much to do except hold. If the lows in the Dow and S&P are tested, but not breached, consider selling the QID hedge at a profit.  If the Dow and S&P lows (13175 and 1433) are breached intraday do not sell QID there will likely be more downside risk.  Stock Picks on hold.