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[arthur]

Fri: Top Buys PFE JNJ GM LU ATWL Top Sells OEX SPY OIH GOOG

The market seems risky short-term, and also long-term, for calls, although the second half of Dec is normally bullish. Nonetheless, PFE remains severely undervalued, and a long-term buy at 22 1/2. JNJ may bounce next week. GM has the potential to rise above 30, perhaps early next year. LU is fundamentally undervalued. ATWL has huge upside potential, particularly on its oil holdings. OEX Dec 585 or 590 puts may be an excellent trade tomorrow. Also, SPY Jan puts are a buy on a market bounce. OIH may be on the verge of falling about 10 points, perhaps next week. It seems, GOOG will close the week tomorrow at 430 425 or 420, and Dec puts may be a buy, although the risk is high.