Question-and-Answer Session Operator Operator Instructions. Our first question comes from Kevin Ellich – RBC Capital Markets. Kevin Ellich – RBC Capital Markets Fran, maybe I can start with you. Looking at the cash flow and the CapEx and what you expect to recover, would it be safe to...
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I was short the SPX and RUT going into today’s session. I rotated out of SPX and moved that $ into NDX short.
I didn’t get a satisfactory down move today to allow me to cash out. If tomorrow is down – I’m out and will take my gain and reassess.
As far as stocks went today, [...]
I decided to put my cash back to work and short the $RUT and $SPX at the close with a heavy position.
I still most of my stocks that I’ve been posting about and being right. This is the privately posted portfolio and how its performed so far:
I sold URE today for 13% gain and RBY [...]
UPGRADES Five Star Quality Care FVE Davenport Neutral » Buy SI International SINT BB&T Capital Mkts Hold » Buy Forest Labs FRX AmTech Research Neutral » Buy Vaxgen VXGN Punk, Ziegel & Co Mkt Perform » Accumulate ITT Industries ITT Credit Suisse Neutral » Outperform Teradyne TER HSBC Securities Neutral » Overweight Boeing BA Wachovia Mkt Perform » Outperform Laboratory Corp LH Wachovia Mkt Perform » Outperform Virgin Mobile USA VM Soleil Sell » Hold Bankrate RATE Bear Stearns Peer Perform » Outperform Celgene CELG Banc of America Sec Neutral » Buy FEMSA FMX JP Morgan Neutral » Overweight National Grid NGG Lehman Brothers Equal-weight » Overweight Kimberly-Clark KMB Lehman Brothers Underweight » Equal-weight Deere DE Banc of America Sec Neutral » Buy Aetna AET JP Morgan Neutral » Overweight DIRECTV DTV Bernstein Underperform » Mkt Perform Grant Prideco GRP UBS Neutral » Buy Air France KLM AKH Citigroup Hold » Buy Royal Philips Electronics PHG Deutsche Securities Hold » Buy Tidewater TDW Jefferies & Co Hold » Buy OmniVision OVTI Robert W. Baird Underperform » Neutral
DOWNGRADES Buckeye Partners BPL SMH Capital Buy » Sell Sasol SSL Bear Stearns Outperform » Peer Perform Public Storage PSA Wachovia Outperform » Mkt Perform Amer. 1st Tax Exempt Inv. ATAXZ RBC Capital Mkts Outperform » Sector Perform Intersil ISIL Jefferies & Co Buy » Hold Casey's General CASY Friedman Billings Outperform » Mkt Perform Freddie Mac FRE UBS Buy » Neutral Fannie Mae FNM UBS Buy » Neutral Sierra Pacific SRP Deutsche Securities Buy » Hold First Marblehead FMD Friedman Billings Mkt Perform » Underperform
Arris ARRS CIBC Wrld Mkts Sector Perform » Sector Outperform Five Star Quality Care FVE RBC Capital Mkts Sector Perform » Outperform Sonus Networks SONS Piper Jaffray Market Perform » Outperform Lincare LNCR Jefferies & Co Hold » Buy Gentiva Health Svcs GTIV Jefferies & Co Hold » Buy Ternium S.A. TX Deutsche Securities Hold » Buy U.S. Steel X Deutsche Securities Hold » Buy Comp Siderurgica SID Deutsche Securities Hold » Buy Royal KPN KPN Bear Stearns Peer Perform » Outperform
DOWNGRADES
Business Objects BOBJ Wedbush Morgan Buy » Hold Level 3 LVLT Cowen & Co Outperform » Neutral Cablevision CVC Citigroup Hold » Sell Wells Fargo WFC Stifel Nicolaus Buy » Hold TETRA Tech TTI Stifel Nicolaus Buy » Hold Shuffle Master SHFL Morgan Joseph Hold » Sell Quintana Maritime QMAR Oppenheimer Neutral » Sell ValueClick VCLK Oppenheimer Buy » Neutral Seacoast Banking SBCF Oppenheimer Buy » Neutral LM Ericsson ERIC Lehman Brothers Overweight » Equal-weight Robbins & Myers RBN Friedman Billings Outperform » Mkt Perform TIBCO Software TIBX Bear Stearns Peer Perform » Underperform BMC Software BMC Bear Stearns Peer Perform » Underperform Autodesk ADSK UBS Buy » Neutral Cognos COGN Friedman Billings Outperform » Mkt Perform PACCAR PCAR Wachovia Mkt Perform » Underperform
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