Stock Picks for October 22, 2007

We know we mentioned that we would have another stock pick tonite, but after further analysis of screener results and the market weakness Friday, we think waiting 1 to a few more days is in order.  Potential for more pullbacks. We will however keep our three stock picks open as there at least the possibility to pick up some of them. Many earnings disappointments drove the decline Friday.  One mega-company, Caterpiller, was a huge disappointment.  Schlumberger, a mega-oil services company is in a declining price environments, and 3M was down due to declining LCD TV sales.  I could go on and on, but we had some huge company disappointments converge all at once.  Yet another sign we have been in recession for months.  Not all sectors are in a recession.  Tech and Tech hiring is very strong. With the market down 367 points it was nice to see a couple of our positions up (GOOG and NYX). You will notice that we adjusted our model portfolio to a higher value to be more in line with our subscriber base investment profile.  We also corrected a couple of mistakes in the math. We extremely outperformed the S&P 500 Friday.  Nice to see that. Over the next 2 to 3 weeks we hope to get some amazing buying opportunities.  This is just what we were waiting for.  The best thing to do is to check the newsletter frequently.  We may also do the very rare action of sending out open orders intraday, so be alert. The interesting thing is that other world economies such as UK, Russia, and China are not in a recession and GDP growth and cash reserves are extremely strong.  Just a matter of time before the globalization pendulum swings back to USA.