Stock Picks for July 30, 2007

So the Dow has fell -5.3% from it's 14,000 high.  Our OPEN portfolio of stock picks is returning -2.3% right now.  You can see the gargantuan returns of our closed portfolio in stock alerts.  Handily outperforming most.  So far outperforming the downturn nicely also.  Outperform the bulls then outperform the bears is definitely further validation of our screener.  We needed this correction to take our publication to the next stage.  Looking great! We think there could probably be more downside, like we said, high 12000s.  Possibily even middle12000s.  There is no way to know for sure.  the sub-prime mess has turned into much more as we said it would.  LBOs, CDOs, you name it.  It is not over.  Deals are being put on hold, and this will certainly impact earnings. We are on hold right now until we are sure we have a strong bottom.  It is possible for a see-saw volatile summer, but we will have to wait and see.  At some point we will add to positions and pick up some bargain new positions to setup up an amazing 2008! Remember, once it stabilizes, it will start it's track back up.  It always has.  We have been through so many of these.  We are taking major pain in our own portfolios, and no matter how many times we go through this, it is certainly disconcerting.  However, we know deep down, it always comes back.  Don't be a 'sucker' and sell.