April 28, 2009

CONSIDER PARTIAL SELL ON PGPDQ (PILGRIM’S PRIDE CORPORATION PPC)

We have held position in Pilgrim’s Pride through bankruptcy and added aggressively on the dips. Our average $0.98. Today’s earning report validates our thesis. Our methodology requires a partial sell right here at $3.80 and tight stop on the rest.

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CONSIDER PARTIAL SELL ON HMA (HEALTH MANAGEMENT ASSOCIATES) AND THC (TENET HEALTHCARE)

Late last year, we aggressively bought HMA and THC on dips. Our average cost on HMA is $1.38 and $1.11 on THC. Our thesis remains in tact and we anticipate these stocks will be higher a year from now. However, our methodology calls for locking in the gains here. Consider partial sell on HMA right here at $4.35 and on THC at $2.18. Consider tight stops on the rest.

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