Mkt view - Previous idea review

General Market thoughts:

At this point of the year, US stocks have made a strong run since the summer lows. Recent months have seen managers chase performance while others are ready to close the books. It is worth monitoring rising market volatility, as a gauge for turbulence with a downside bias. And the US 10 year yield pending recovery seems like an appealing bet. Weak dollar continues to dominate the press. Gold holding in and crude attempting to bottom above $60 level. All that said, plenty of ideas to revisit – especially the ones that have not worked. Entry points are going to be difficult to measure but need to develop and get fixated on a game plan.

Revisiting ideas which have yet to make a significant move

DTV: Remains an attractive stock in the media theme another watch list candidate. Clearly, media headline of a. being sued by TWX and b. Merger talks c. Liberty media.

Noise building recently, but a very positive long-term view. Just pointing out that near-term newsflow, should not get in the way of a long-term bet.

CVS: Revisiting this defensive ideas which recently blew up. But showing recovery around the $30 level. Given a positive outlook in healthcare – this fits the prescription drug and consumer staples theme. In addition, offers large cap exposure from extreme levels.

PALM

- Clearly, the marketplace has acknowledged PALM’s weakness accepting RIMM as the front runner in the group.

- RIMM extended at these levels, with high investor expectations – early sings this weak that

- Very positive analyst ratings across the board on the street for RIMM – becoming overdone.

- Slowly, building position in PALM – as a rotational play from oversold conditions.

GG: Looking to exit/trim around the 28 level. Full exit below 26.