Current Portfolio

Portfolio Comments:

The market has begun to correct after hitting new highs for 2009. A pull back is both normal and healthy. Our bias remains bullish but the next couple of weeks could be rough. Fortunately we have several stocks on the watch list with triggers to buy a significant pull back.

Currently we have thirteen stocks on our watch list.

BEAV - BE Aerospace Inc., trigger: $15.00
CHK - Chesapeake Energy Corp., trigger 23.50
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
TXT - Textron Inc., trigger 15.25
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.