Early 2008 Interests

I'm not sure how the new 2008 market will open and close by the end of this week, but if you read some of the headlines they are not looking positive. Concerns are still brewing over the housing market and financials. I believe these issues will still linger for the near future, so I will do my best to steer clear. Stocks that I would be interested in getting long in are: National Oilwell Varco (NOV), Turkcell Iletisim (TKC), Life Cell Corp (LIFC), Hologic INC (HOLX), and Dynamic Materials (BOOM). Stocks that I would be interested in shorting are: Team INC (TISI), Blue Coat Systems (BCSI), and Open Text (OTEX).

Charts courtesy of StockCharts.com

Turkcell (TKC)

I've placed a small limit order on Turkcell (TKC) at $28.00. The trade is good only for today, so if it does not get filled then I will re-evaluate.

Analyst Reversal

Last week it seemed like every analyst on Wall St was leaning towards a .50 basis point rate cut. Today, I am hearing a more relaxed version and the consensus seems to be registering a conservative .25 basis point rate cut. This may end up catching some people off-guard who were making moves specifically on the upcoming Fed decision. Most people will shy away from making any big decisions prior to the Fed announcement, however there could be big rewards for those who are willing to stick their neck out on some investments. I personally will fall somewhere in the middle. I will be tracking many stocks, but will not overextend myself unless something huge falls into my wheelhouse. There are a few general stocks I will be watching both long/short, but will focus quite a bit on some of the wireless/telecom service providers. These are not endorsements to go out and purchase just "showing my hand" a bit. I currently do not have a position in any of the listed stocks.

General

Life Cell Corp (LIFC) - Long

ABB (ABB) - Long

Agrium (AGU) - Long

Sterlite India (SLT) - Long

Johnson & Johnson (JNJ) - Long

Transdigm Group (TDG) - Looking to short/buy puts

Blue Coat System (BCSI) - Looking to short/buy puts

Telecom

Vimpel (VIP) - Watchlist

Mobile Telesys (MBT) - Watchlist

Chinal Mobile (CHL) - Watchlist

Turkcell Iletisim (TKC) - Watchlist