Portfolio's Successfully Recession Proofed

The stock market fell 200 points yesterday but both portfolio's were up one 2% the other 10%. These stock are on the left hand side of this blog. Check them out. Lots of oil and technology. Shorting Netsuite a company that competes against Salesforce.com because its up 200% since its initial public offering with no clients (12,000) - basically its up on emotional buying. This puppy dropped 6% yesterday. Lets hope it goes back down to $24 - its original valuation. I will be watching it very closely.

Wish I Could Enter DPDW (DEEP DOWN,INC.)

I am holding onto my shorts probably until tomorrow's trading day. I don't like to keep more than three short positions because its too stressful. The dozen or so long positions I hold are enough to keep track of.

To make a long story short I am wishing I could enter DPDW (DEEP DOWN,INC.).

It up 2.17% today and is still way under $2 a share.

I choose the dark side. I choose to bet stocks would do bad (shorting stocks) versus seeing the glass as half full.

Oh well maybe one of my readers will buy DPDW for me. :)

Okay Johnny Buy DPDW!

I'm Long on Oil Stocks - Especially Deep Down, Inc.

Deep Down, Inc. is $1.38 a share. Yes you can own part of an oil company that specializes in finding oil offshore for under $2. This stock has had explosive growth and its a gem in rough.

I will be going long on this stock as soon as I can. The ticker is DPDW and I recommend that you get in at this point and hold on for a while.

Current Target Sectors and Why I Am Investing In Them

OIL - I like Oil Stocks but don't like oil companies. My feeling is that the profits that they (Exon, Shell, BP, etc.) made in the past two years are going to open them up as targets especially when gas starts to hit $4. What could happen? i don't know - the government could sue them, congress could take them to task, oil spills could cause public outcry. These big players also don't see the stock price swings like .... OIL REFINERY STOCKS, OIL TECHNOLOGY STOCKS, OIL CONSULTING STOCKS, EXPLORATION....

TECHNOLOGY - Oh technology I love. I love it so much it makes me blush. Companies like Yahoo and TTWO have been beat up so much lately they are great stocks to pick up at 25.71 (YHOO) and 14.85 (TTWO). Sorry I was talking about industries! The technology industry went through its correction back at the turn of the century now companies like GOOGLE (GOOG) and China's technology boom make me excited to bet heavy on tech stocks.

FINANCIAL - I think financial stocks are sexy. I like the moves some of them are making. More on this later.

Thats the sectors I'm in. Getting ready to get some turkey.