He is short this one and expects it to fall further. They have good assets and are a good company. But they have to sell oil at a low price. Strong production but a difficulty in marketing at the right price. A number of refineries down currently. A number of these oil companies are higher cost enterprises so discounted oil prices are bad for them.

Precious metals are under pressure. We are used to resources being a leadership part of the market and it is just not right now. Global growth is not that rosy. Total reserves for the industry went down last year, which is good. But there are ea lot of people and funds that built big positions in this stock and are facing difficult decisions. There are 8 days of selling pressure on this stock.

A tough position to be in. They are not covering their distribution. Price of gas is in free fall so no one knows where the bottom is. There are a lot of natural sellers here. This could take a while. Don’t buy things that are falling in price. If gas prices stay week, it can continue to go lower. Pick a stop.

Since 2007 he has been quite negative on financials and specifically banks. Slow down in growth rate and difficulty generating a strong rate of return. Reality is that trading like a utility is now not a bad thing. Banks are working globally at rebuilding balance sheets. Capital is building quickly and dividend growth is likely to happen.

A big position in his income strategy. Predictable revenue stream. There is a secular growth opportunity that could give them a triple in their cash flow. He would put this in almost any portfolio.

Wind power in Florida, Good growth rate and in cash flow. Low variable cost of energy once sunk costs are there. Dividend will grow, stock is pretty fully valued. If US cuts back on programs to build new wind power, that will make more cash available to grow the dividend.

(Top Pick May 18/11) We were headed into a pretty rocky summer but now he is fully invested.