It’s Not All Bad

There are lots of “green shoots” in today’s tape.

The following stocks caught my attention:

Conseco, Inc. [[CNO]] (h/t CA), Commercial Metals Company [[CMC]] , AK Steel Holding Corporation [[AKS]] , J. Crew Group, Inc. [[JCG]] , Foot Locker, Inc. [[FL]] , [[LOW]] , Alcatel-Lucent (ADR) [[ALU]] The Macerich Company [[MAC]] , Weingarten Realty Investors [[WRI]] , Lindsay Corporation [[LNN]] , Intrepid Potash, Inc. [[IPI]] , [[RBS]] , Credit Suisse Group AG (ADR) [[CS]] , Janus Capital Group Inc. [[JNS]] , Corning Incorporated [[GLW]] , RF Micro Devices, Inc. [[RFMD]] , Atheros Communications, Inc. [[ATHR]] , Arena Resources, Inc. [[ARD]] , [[RAX]] , Himax Technologies, Inc. (ADR) [[HIMX]] , Baidu.com, Inc. (ADR) [[BIDU]] , Apple Inc. [[AAPL]] , Research In Motion Limited (USA) [[RIMM]] .

Frankly, the list goes on and on.

The fact of the matter is, we are in the midst of a technology revolution: fuck what Cramer is saying. I was first to mention the 4g/smartphone bonanza.

Just a reminder, you don’t want to chase the smartphone plays up here. Stocks like Starent Networks Corp. [[STAR]] , Cypress Semiconductor Corporation [[CY]] , TriQuint Semiconductor [[TQNT]] and Apple Inc. [[AAPL]] are great; but stretched like a donkey on a crucifix. Wait for a pullback in such said names, as the Cramer crowd gets poleaxed into oblivion. With my money, I rather buy the commodity pullback. You can short cut the whole process of finding the right name, by buying [[ERX]] . In my opinion, while in the $20’s, it’s a fucking steal.

This is my focus, in a nutshell:

Overweight GLW, OmniVision Technologies, Inc. [[OVTI]] and [[ERX]] . Buy dips in GameStop Corp. [[GME]] , Arena Resources, Inc. [[ARD]] , Ciena Corporation [[CIEN]] and ALU . Play lotto via [[ENTR]] , Flotek Industries, Inc. [[FTK]] and Umpqua Holdings Corporation [[UMPQ]] . And, simultaneously, I will try to keep a 10% cash position, in order to hedge my longs, if needed.

UPDATE: Almost forgot, buy [[UNG]] into hurricane season.

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