Monday, May 24, 2010


fair value $125

 AT 57.77 --  this is a long term buy.  It will be very volatile with BP news but the market no longer looks out 5 or 10 years.  So it can trade down to 50 I'm sure.  Still worth $90 - $125 long term.  So the only winning strategy is to do nothing.  No stops... just hold -- for  a long time.

  Market conditions still bearish... Need to stay mostly cash unless buying super long term positions.