Update

The Market sold off and is trying to climb back up again. I am not an economist and I have this sinking feeling economists usually get it wrong. So I am glad I am not one. I cannot predict Market's next move as "good" as the economists do but I can certainly guess what my stocks are gonna do and therein lies the money baby! Ohhh Yeah! And if you force me real hard, I would just say one thing - the Market was like a bull (wink!). It ate something heavy on its way up and now it needs time to digest before resuming. Good for us because it allows us to pick some more diamonds in the rough.

Let us first see how our old picks are doing:

BZH short - I am so proud of this one. It was a prescient call as it has gone down from 41 to 36. It might make a move up in the next couple of days before a final leg down. That is when I am planning to cover it and will update here.

CRDN long - This one suffered initially as the Market plunged but I had faith in the longer term charts and surely enough the shorter term technicals have come around to support the long term trend. We are at a slight loss but I see green in the next few days as the stock makes it way back up above the moving averages.

New recommendations

ISRG - A groovy momentum stock with healthy fundamentals. To maximize gains, I have purchased call options.

Open List
CRDN - buy long (Bought at $56.44 on 2/14/07)
BZH - sell short (Sold at $41.54 on 2/14/07)
ISRG - buy Jan 2008 Calls $130 strike (Bought at 9.60 on 3/8/07)

Closed List
None 0 % Gain so far