Thursday, September 21, 2006

September 21st - Day 4 of 5

Front Page
Rally Over?
Walmart Drugs
Earnings and Warnings
HP Trading Opportunity

Bolling
DOW being down today no big deal. Profit taking is good for the market to reduce the weak hands
Get out of Teva Pharmaceutical Industries Ltd. (TEVA)
Buy Wal-Mart Stores Inc. (WMT)

Strazzini
Wouldn’t buy Texas Instruments Inc. (TXN) on buy back news
SEC news on Hewlett-Packard Co. (HPQ) isn’t a big deal if they can handle the media.
Owns Walgreen Co. (WAG)
Owns Wal-Mart Stores Inc. (WMT)
Buy Walgreen Co. (WAG) and CVS Corp. (CVS) and sell calls against them.
Things could get worse for Boston Scientific Corp. (BSX)
Buy $17 October puts on Micron Technology Inc. (MU)
Buy November puts on Texas Instruments Inc. (TXN)

Macke
Market needs something to push it higher now.
High Volume bottom in Walgreen Co. (WAG)
Missed the call on Nike Inc. (NKE) don’t chase.
Not worth owning Boston Scientific Corp. (BSX)

Adami
Thinks the market has room for multiple expansion
Sell Hewlett-Packard Co. (HPQ) and buy back cheaper later on SEC news

Mike Huffman – Guest Analyst
Wal-Mart Stores Inc. (WMT) to sell cheap generic drugs
Will have an impact on:
Teva Pharmaceutical Industries Ltd. (TEVA)
MedcoHealth Solutions Inc. (MHS)
Cardinal Health Inc. (CAH)
CVS Corp. (CVS)
Walgreen Co. (WAG)
Rite Aid Corp. (RAD)
Costco Wholesale Corp. (COST)Possibly some consolidation in smaller generic drug companies.

Sector Trade
Casinos and Poker

Bolling
Buy MGM Mirage (MGM)

Strazzini
Buy Harrah's Entertainment Inc. (HET)
Buy Boyd Gaming Corp. (BYD)
Buy MGM Mirage (MGM)

Macke
Doesn’t like the Casino play

Adami
Buy Boyd Gaming Corp. (BYD)

Hot Trades

Bolling
When Airbus gets a plane, sell Boeing Co. (BA)

Strazzini
Buying opportunity in Yahoo! Inc. (YHOO)

Macke
Sell Bed Bath & Beyond Inc. (BBBY)

Adami
Buy Yahoo! Inc. (YHOO) here, but sell and short if it goes below $25
Sell Tribune Co. (TRB) and stop out above $34

Dirty Trades
Water the new Oil

Bolling
Long Term Buys:
Veolia Environnement SA (VE)
Suez (SZE)
SJW Corp. (SJW)
Island Reversal on Corn

Strazzini
Likes American States Water Co. (AWR)
Likes Monsanto Co. (MON)

Adami
Likes California Water Service Group (CWT)

Stocks On Sale

Bolling
Buy Agrium Inc. (AGU)

Strazzini
Buy Canon Inc. (CAJ)

Macke
Buy TiVo Inc. (TIVO)

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