September 20th - Day 3 of 5

Front Page Bernanke Holds Rates Oil Erases ’06 Gains Hedge Fund Pain – Amaranth Aftermath Bolling Glad the interest rate was held Likes: Financials Insurance Brokers Doesn’t like Oil – Don’t catch the falling knife Strazzini The bond market is pricing in a rate cut Semi conductors will benefit from rate cuts the most Likes: iShares S&P Global Financials Sector (IXG) Financial Select Sector SPDR (XLF) Large Cap Semi-conductors Hedge funds trying to avoid being the next one to fall Phelps Dodge Corp. (PD) will go down due to hedge fund problem Short CINRAM INTERNATIONAL INC FD (CRW-UN.TO) (owned by Amaranth) Likes: Indonesia Fund Inc. (IF) Turkish Investment Fund Inc. (TKF) Macke Staying out of defensive stocks Likes: Electronic Arts Inc. (ERTS) even on bad news on options backdating Gymboree Corp. (GYMB) Adami Likes iShares Dow Jones Transportation Average (IYT) Start building a position in Exxon Mobil Corp. (XOM) down to $62.50 Buy CINRAM INTERNATIONAL INC FD (CRW-UN.TO) (owned by Amaranth) Page 2 Chinese Trading Bolling Likes China Life Insurance Co. Ltd. (LFC) Strazzini Likes: iShares MSCI Malaysia Index (EWM) iShares MSCI South Korea Index (EWY) Adami Likes CDC Corp. (CHINA) Take Your Position Strazzini Buy FedEx Corporation (FDX) Macke Doesn’t like the transports Adami Buy ahead of earnings FedEx Corporation (FDX) over $108 Fast Questions With Six Flags CEO Bolling Bearish on Six Flags Inc. (SIX) Macke Bearish on Six Flags Inc. (SIX) Adami Likes Six Flags Inc. (SIX) with high short percentage on small float Hot Trades Bolling Buy Morgan Stanley (MS) Strazzini Buy Nucor Corp. (NUE) around current levels for possible 2 point gain Macke Buy Masco Corp. (MAS) but sell if it dips to $25 close Why bother with Nucor Corp. (NUE)? Adami Don’t buy Toyota Motor Corp. (TM) until $114 Buy Nucor Corp. (NUE) Dirty Trades Trash to Cash? Bolling Buy Covanta Holding Corporation (CVA) Strazzini Buy Waste Management Inc. (WMI) Adami Buy Republic Services Inc. (RSG) Waste Management Inc. (WMI) trades at a lower multiple to its peers