Current Portfolio

Portfolio Comments:

The S&P 500 is now up about 7% from its September lows. The market is short-term overbought and looks ready to dip, which would be healthy and set up for a run towards the 1100 level. The money-manager race for performance is still in full swing so pullbacks should be shallow.

JOYG hit our target this past week.

Currently we have eleven stocks on our watch list.

BEAV - BE Aerospace Inc., trigger: $15.00
COST - Costco Wholesale, trigger 51.50
ERJ - EMBRAER - Empresa Brasileira de Aeronáutica, trigger $18.50
ESV - ENSCO Intl. Inc., trigger 38.00
FWLT - Foster Wheeler, trigger 29.00
IGT - Intl. Game Tech., trigger $17.50
MEE - Massey Energy Corp., trigger $23.50
MTL - MECHEL OAO, trigger 13.25
MTW - Manitowoc Inc., trigger 7.75
SPW - SPX Corp., trigger 58.50
X - United States Steel Corp., trigger 37.50

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.

Jim's portfolio and updates has been included in the normal play updates section.