MRVL: Bought @ 12.10

Marvell Technology Group Ltd. [[MRVL]]

That was a common theme for many this past weekend as Gustav headed for the Gulf coast. It was amazing to see the amount of people who evacuated. Gas was definatly a rare commodity and still is in some parts of Baton Rouge. The whole city is still without power.

I feel like I’m seeing the same thing in the market place, no power — what I mean is no leadership. Everything is getting shot.

Just when I thought Apple Inc. [[AAPL]] was safe by the 200 MA, it was shot. If AAPL can’t move with all the recent upgrades and news pending on new ipods, what can? Wal-Mart Stores, Inc. [[WMT]] ? Please…

As of right now, Valero Energy Corporation [[VLO]] is my largest position and I’m sticking with it. As for National-Oilwell Varco, Inc. [[NOV]] , I took a nice beating and was stopped out Tuesday morning, I’m actually considering buying it back down here.

But, for now I will do nothing. We have an evacuation of the market, and the buyers are out of gas.

Drive Safely.

Apple Inc. [[AAPL]]

For you guys that think Louisiana made it out ok, think again. I have plenty to tell.

Developing….

Top pick: H&E Equipment Services, Inc. [[HEES]]

I will be leaving this evening to Destin, FL to stay with my fiancee’s parents. However, should this storm move east, I will be headed to Tennessee with a few friends. Wish me luck.

Top pick: National-Oilwell Varco, Inc. [[NOV]]