Wednesday, September 28, 2005


I'm changing my stance on the markets; I think we hit a bottom, and I expect the markets to rebound significantly over the next few months.

An opinion on Sears Holdings (SHLD). I've been tracking the stock the last couple of days, and there has been extremely strong support in the 120 area. I don't think 120 will be breached. The reason is because SHLD announced a 500 M buyback, and also, an insider has been buying large amounts of shares in the 119-120 range. What this means is that the company will probably repurchase shares at the 120 level. Therefore, I think SHLD would be a good buy there.

Btw, I bought PD. Its pretty high, but I still like commodoties over the rest of the other stocks.


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