Saturday, June 20, 2009 10:26:40 PM EDT Portfolio Update by James Brown Click here to email James Brown

Current Portfolio

Portfolio Comments:

Last week was a rough one for our portfolio. Stocks corrected sharply, especially energy-related stocks. Several candidates gave up 12% for the week. Money managers have been waiting for a pull back in the markets. With the end of the quarter only a few days away this might be a big enough dip that they start buying stocks again or at least do a little window dressing.

Currently we have eleven stocks on our watch list.

BEAV - BE Aerospace Inc., trigger: $10.25
CELG - Celgene Corp., trigger: 43.00
DBA - DB commodity index ETF, trigger: $20.50
DO - Diamond Offshore, trigger: $67.75
FCX - Freeport McMoran, trigger: $46.00
JOYG - Joy Global, trigger: $25.25
MICC - Millicom Cellular, trigger: $50.50
RIG - Transocean, trigger: $66.00
SGY - Stone Energy Corp., trigger: $5.05
VOD - Vodafone Group, trigger: 20.75 or 18.25
WFR - MEMC Electronic Materials Inc, trigger: $17.50

Disclaimer: At any given time the author may have positions in any or all of any companies mentioned in the Leaps Newsletter.

--Position Summary Table--
Table lists Directional CALL or PUT/LEAPS only.
Insurance puts, if applicable, are not shown.

Red symbol/name represents a dropped play this week.