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Sunday, 02/17/2008 10:52:17 PM

Sunday, February 17, 2008 10:52:17 PM

Post# of 10237
Food stocks.

My main focus is currently on food stocks. I believe their will be pressure on food since we are now using it to replace oil. I like alternative energy and deep down drillers etc, but I feel that food is at the beginning of a major bull market. Alternative energy is really high profile right now and maybe over bet. Kraft went up 6% Friday on the news of Warren Buffet now owning over 8% of KFT.

In food, I want to play developing companies. But I have guidelines. I like at least 20% forecast forward growth, and in the out year some kind of profit. And I like small companies. I feel that Whole Foods WFMI is a good safe play, but it will not be a 10 bagger from here.

If I am wrong about food and no huge bull market continues, food is still stable and growth stocks in the food area should still do good. If oil has a short term drop to $65 per barrel it could affect all energy stocks. So, I feel food is safer. A
head and shoulders is forming on oil, or maybe just a pause in the bull run. I have been out of the market on the whole except for a few dabbles and misadventures the last few months, except for NTRZ, but I have added two more foods, FEED and SUWN. I will let rhinoman talk about SUWN,, but I will post next on FEED.

Food may have found a bottom Friday as the index of food stocks took off in a down market, although partly as a result of the "halo affect", Warren Buffet announcing his stake in Kraft.

http://www.marketwatch.com/tools/quotes/intchart.asp?symb=CL08H&sid=2101216&dist=TQP_chart_date&freq=1&time=9

http://finance.yahoo.com/q/bc?s=%5EYHOh739&t=5d

http://www.cnbc.com/id/23189397/site/14081545?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo

http://www.ft.com/cms/s/5a9b3c72-db2e-11dc-9fdd-0000779fd2ac.html

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