OK…Here is My Gameplan

Posted by Howard
on November 19th, 2008

I mean WTF?

Seriously.

My post from yesterday was supposed to mark a bottom by me getting even more bearish.

So now that we have breached 8,000 on the Dow and Asia is slinking into oblivion tonight, what is one to do with their 188k plan?

I can only advise those that have followed me for quite some time and have been mostly in cash. To you all, I say it’s time to go shopping for a few stocks tomorrow. Once again, the stocks that I buy will all have pristine balance sheets because those are the only stocks that will bounce, when – IF EVER – we do bounce and or dare I say it…bottom.

Here is my Channukah wish list for certain stocks.

Apple in the 70′s (I own it)

Google will add some to the sheets in the morning and hoping for an obliteration to a low $200 or even $1 handle

Amazon in the 20′s

Adobe in the teens

Salesforce in the teens (I own it)

Chipotles in 20′s

Nintendo in the 20′s

Visa in the 40′s (I own it)

Electronic Arts – under $15 ( i don’t think it will bounce hard because of earnings preannouncement)

I will be plunging back in from a mostly cash position if we break 7,800 and get pretty invested for a trade at 7,600 and below.

For me, pretty invested right now would be 30 percent net long.

As a hedge fund manager in this environment, my having a good year means nothing. Even my most loyal investors can pull at a moments notice. It’s just a part of the business you have to factor in to your decision making.

The stock market is broken and you must not be in a hope mode. You can’t hide your statements. The companies on this list above are far from broken.

I am truly getting excited for owning some of the best brands in history at what I think are bargains. Time will tell as always.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.