Stock Picks for August 8, 2007

SAIA stock pick is so oversold.  I mean way oversold.  This is such a great opportunity.  I know it is disconcerting since the stock has dropped so far from where we purchased it, but continue to average down with us and when this thing bounces we will be selling for a nice gain.  Here is an analyst that agrees with us:  http://biz.yahoo.com/ap/070807/sector_glance_less_than_truckload.html?.v=1 NYX stock tip roared past our average down.  It happens, we really wanted to get in around that price.  We will keep open average down and raise buy a bit, but it may start it's track back up from here. For those who chose to open the hedge stock pick, put a stop loss at 40.  We are keeping it around just in case we get some more large drops which are REALLY possible.  Remember, if you are long term holders like us you did not open this hedge, but from emails we receive we realize some of you are traders so this is for you. We think we will get more drops which is why we are still on sidelines.  We will know more over next couple of weeks.  Stay tuned! Other portfolio stock tips are coming back, nice to see we were right again. We have to say, that early indications are that the markets are coming back, as we said they would.  However, we do think we will test the lows again before the trends decides:  Bulls or Bears?  Once we determine that we can start getting in.  We are likely to make major industry shifts now that the economy is changing as it relates to growth stocks.  For instance, Tech Stock Picks.