Stock Picks for August 23, 2007

We received a couple of emails from you that our total ROI should be higher because we averaged down, so some are based on the hypothetical $1000 and some are based on $2000, $4000, and highest was $8000.  This is absolutely correct.  I need to go back through all of the notes and update them.  I will do this for next week.  The same is true for our 1 loss on LEH.  Overall it looks like the percentage ROI will go up substantially.  Thanks for the feedback. Not going to release another stock pick today.  Our data is still skewed too high on the risk side.  We are using 8 of our 20 slots right now (2 positions averaged down) so it is good to be around about 60% cash in this market. BNP Paribas has agreed to unfreeze the funds that originally started some of this mess. CountryWide CEO warns of a recession.  Of course he does, from his perspective the sky is falling and a recession is certainly happening in his world.  Will it happen in the rest of the world?  Maybe, but the judge is still out on that one. US Trade deficit has improved, this is actually great news for the markets. The markets were slightly negative, but very close to flat.  If it had not been for the overwhelming negative sentiment we would have released one of our stock picks.  We are going to push for a better price.  Sunday we will definitely give a stock pick.