Another Quick Look At The PPT

[youtube:http://www.youtube.com/watch?v=B9xsSIZ8tx0 450 300]

Note: The PPT is still in Beta mode.

After selling off all my solar names, I already feel the need to buy one with the elections right around the corner. I was looking at a few names last night, and Yingli Green Energy Hold. Co. Ltd. (ADR) [[YGE]] is where I want to be. I was hoping to catch it on a pullback, but it kept rolling.

My target here is $8.00.

I sold First Solar, Inc. [[FSLR]] @ 139.50. (3 buys in the past few days: 140, 120, 97; cost basis was around $119) I’m declaring victory here.

I sold Google Inc. [[GOOG]] @ 363. (Recent buys were under $350)

I feel like Fly here, I want to get small ahead of next week. I’ve had a tremendous week and was rewarded handsomely for buying cheap assets. I’m not giving back my hard fought gains.

Currently, I’m sitting on a massive pile of cash waiting for my next strike.

Position Update:

• W&T Offshore, Inc. [[WTI]]
• National-Oilwell Varco, Inc. [[NOV]]
• Apple Inc. [[AAPL]]
• Freeport-McMoRan Copper & Gold Inc. [[FCX]]

As you can see, I reduced my holdings significantly from last week.

I can’t get behind this market like I want to, with Goldman Sachs Group, Inc. [[GS]] looking like it could shit the bed any minute. I also don’t like to buy when Apple Inc. [[AAPL]] is in the red.

With that being said, I sold [[UYG]] @ 9.55 (Cost basis around 7.50).

However, I did add to my position in W&T Offshore, Inc. [[WTI]] on this dip.

Note: GS is one scary Hunted House.

This is a sector I still feel comfortable placing new money. Many of the names have been shot, then, shot again. In my opinion, this will be the first sector we start to see major consolidation.

I think the best opportunity lies within the small & mid cap stocks. The last time we saw oil murdered, we witnessed the same thing, massive consolidation. Fortunes were made here in oil town, as companies with cash were able to snatch cheap cheap assets. I have no doubt we see the same thing again.

Those looking to hold stock longer than a few days, I strongly recommend building a position in your favorite name.

According to “The PPT” W&T Offshore, Inc. [[WTI]] is the top rated stock in the group. The stock has a market cap of less than 2 billion with a pristine balance sheet. Technicals are stating to turn in favor of the stock as it looks like it has formed a solid base. The stock has yet to take that famous “Goose-step” like many in the group just did this week.

If you’re looking for exposure in energy, look no further than W&T Offshore, Inc. [[WTI]] .

A sneak preview of The PPT beta:

Note: Techincial scores update every few minutes to reflect market conditions. At the moment, W&T Offshore, Inc. [[WTI]] is rated #1 in the sector.

Bought Sociedad Quimica y Minera (ADR) [[SQM]] @ 22.02 (update just sold for 23.30)

Took Profits in Visa Inc. [[V]] @ 54.10

Took profits in JA Solar Holdings Co., Ltd. (ADR) [[JASO]] @ 4.80, took loss in MEMC Electronic Materials, Inc. [[WFR]] @ 16.60, but still holding First Solar, Inc. [[FSLR]] .

I’ll be back later for a full update.