pauleckler (61.83)

May Summary

May 21, 2009 – Comments (1) | RELATED TICKERS: PCX , FCX , CKP

90 day numbers begin to show which stocks are recovering strongly in the current "bear rally."

Recent holdings in volatile times seem to be flattening out.  Sold DD, DRI, T, and GXP.

Latin America funds, FLATX and PRLAX seem to be doing well.  Ditto Canada (FICDX) and general international (FDIVX), but none of these can go into CAPs.

Commodities keep coming up on my current list:  Patriot Coal (PCX), and Freeport Copper (FCX).  Copper prices are rising and Jim Cramer is a believer in FCX.  PCX has had some financing problems, but seems to have them resolved.  Much potential for recovery.  Global warming could be a problem.  But if cap & trade comes in, power plants have no choice but to pay the price and continue using coal until they can make new arrangements.  So coal should be OK for a few more years (and for export).

Grain prices are rising and that is a domestic produced commodity.  But how best to play.  Fertilizer looks maxed out.  Monsanto (MON) doing OK but flattening.  Deere (DE) should be good, but earnings yesterday look dismal.

One new tech stock came up, Checkpoint Systems (CKP).  Turning in deficits but much potential for growth with radio tags for merchandize and apparently few competitors.  On a lark, give it a whirl.