The US Stock Market grabs a small rebound

One interesting side note to yesterdays DUMPING, is that with our "buy on the dip" startegy, we entered into stocks that had previously been beaten up, so yesterdays knockout punch only scrathed our DIPfolio.

Biggest losers : SBUX, MPEL, NYX

SBUX - growth is slowing, their CEO claims saturation and stale experience. We are looking to get out soon.

MPEL - one word = CHINA

NYX - our biggest loser down over 10%. Like Carmer and many others, we too are sticking with this one.

We still LOVE THIS GAME and will be looking for some NEW BUYS soon!

Ohhh what a beautiful day!..................... Bulls see RED!... We see Scarlett!

WORST DAY SINCE 2001! and we love it!




The market is having a beautiful down day as news of slowing growth in CHINA and softer commodities prices weights down the DOW. Our baby MPEL is getting trampled in the wake...and NYX is back in the 80's. Can you say BUYING OPPORTUNITY?!

On days like today we look through our DIPfolio for "back up the truck" BUYS. One that stands out is AMGN @ 64.53, near its 52-week low of 63.52 on 7/18/06 and note the 52 week high is 77.00 on 10/27/06....we are still waiting but anxious to re-buy under 52 low.
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also.....MCO - AHEAD OF THE UPGRADE - (yes, yesterday we were ahead of the downgrade, but we like the positivity from Citi)
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Moody's upped at Citi, buying opportunity seen
Marketwatch - February 27, 2007 6:05 AM ET

MCO
65.48
+0.11

LONDON (MarketWatch) -- Citigroup upgraded credit rating agency Moody's Corp. to buy from hold, saying it believes the market's over-emphasis on the latest quarter rather than the road ahead has created an attractive buying opportunity. The broker told clients the stock is now off 15% since early reports of rising defaults on sub-prime mortgages, an asset class that contributes a modest 7% to 8% to revenue. "We believe Moody's is likely to prove more resilient than expected," Citigroup said, arguing that it's one of the best franchises in the information space

Downgrade on a down day :-(

It may be best to stay away from "the financial sector"all together....anything related to credit, loans, mortgage, banking, etc.....its a tough market out there, with residential foreclosures and the sub-prime default rate going full throttle....get out while you can....and then BUY THE DIP....we are still confident in MCO, but the DIP FOLIO strategy is one of quick "swing trades" and somewhat predictable 5 to 10% gains....not a buy and hold type model. So although MCO is a "best of breed" long term winner, we are looking to exit (this stock and sector) on the next up day.

CREDIT SUISSE DOWNGRADES TO UNDERPERFORM FROM NEUTRAL
S&P Marketscope - February 26, 2007 1:55 PM ET

MCO 65.49-1.94


Analyst Brandon Dobell tells salesforce downgrades given his concerns about potential impact from slowdown in CDO (collateralized debt obligation) issuance on growth expectations for '07, '08... Given MCO's high capital efficiency, thinks concerns about growth will likely have big impact on valuation in near term... Would be seller in near-term given potential for slowdown in growth in Q2, beyond (thinks Q1 in good shape), particularly if these issues have spillover effect into other segments, especially intl CDOs... Cuts $2.62 '07 EPS est. to $2.57, $79 target to $64.

OSCAR night with the Apple iphone! APPLE showcases iphone during the Oscars!

hello, hello!, hello? hello! --- we thought APPLE would debut an ad during the superbowl...we were wrong.

Tonight in the first hour of ABC’s Academy Awards...APPLE showed off the sexy iphone in all it's beauty!

31 movie clips of "answering the phone"...with the classic "hello"...from The Dude from The Big Lebowski to Betty Rubble from the Flintstones...

HELLO! to the iphone.

end caption read:

COMING IN JUNE!

WATCHLIST UPDATE: OMNITURE up 8.33% since added!

we saw the dip! we liked the company! we got gun shy :(

We added OMNITURE (OMTR) @ 14.28 on the dip ... (see post) http://www.buyonthedip.com/2007/02/what-mpel-1834-070-396.html
UP over 8%

...too bad we didn't "click" BUY on this "click-master"!

.....Natalie says:

"don't look back, the past is the past!"

In the MOOD for MOODY's - NEW BUY

MCO @ 66.78 -2.01 (-2.92%)
We have been waiting for a chance to get into this one...and now looks good! The DIP FOLIO needs some exposure to the financial industry and we thought FMD would be the one, but with yesterdays dumping of FMD our DIP FOLIO had some room. And we are in the MOOD for MOODY's!
DIP POSITION = $66.78

NEW YORK, Feb 7 (Reuters) - Moody's Corp. (MCO), the parent of its namesake credit rating agency, on Wednesday said fourth-quarter profit soared 86 percent, helped by growing demand for ratings and a gain from the sale of its downtown Manhattan headquarters. Revenue rose 25 percent to $590 million, topping the average $552.3 million forecast. Moody's largest shareholder is Warren Buffett's Berkshire Hathaway Inc.

SWY UPDATE: Safeway dips to $35.03....we reiterate our BUY and the support level of $35. DIP POSITION = $35.19