Stock Picks for August 3, 2007

So we took our first loss after 22 straight wins.  Those of you that have been following us from the beggining are disappointed, I know.  No portfolio is perfect, ever, and we stand by our record.  We think that 22 for 23 is quite good, and the overall return, even with the loss, is extremely high. The problem is the unknown with Lehman in how much debt they are carrying related to the loan mess.  Their earnings could be cut in half.  It might not.  No reason to risk half the value from here though with so many other buys shaping up. We are happy with all the other positions.  We will be averaging down SAIA as soon as things settle.  We have a ton of new ideas for positions also, but we need to see where the broader market is going.  Test highs?  Or lows? Best call is to sit in cash for a bit here before new stock picks.