20070816 Tom PM

DJIA 12,845.78 -15.69 Will bounce to 13170. Had lows with volume, so will go back down. TICK -1325
NASDAQ 2,451.07 -7.76 Lows with volume. Will bounce to 2550.
S&P 500 1,411.27 4.57 Made intermediate bottom. Will bounce.
Option expiry this week.


LMC 9.88 -.65. Good test of March 5. Metals were taken apart.
AEM 37.19 -1.38. Buy.
INTC 23.10 -.12. Can bounce to 26.52 from July 17.
FCX 73.07 -4.8. Buy near 63.
NLY 14.03 +.88. 6.8% dividend. Mortgage.
PGH 16.76 -.34. 17% dividend. Canadian energy trust.
HTE 25.66 -.94. 16% dividend. Energy trust.

ERJ 42 +.11. 1.7% dividend. Closed gap from August 2, 2006. Look to buy.