Long time!

Tue Jul 25, 2006 9:04 am

(I am posting this email a few days after I posted it on the yahoo group.)

Hope you are all doing well. I had taken a sabbatical after taking up the new job last October but the market has become enticing enough to start considering long term investing in bits and pieces.

Most Tech stocks are doing quite poorly and many of them are down dramatically from the beginning of the year (mostly well deserved). Seems like Oil and Mining stocks are doing the best all year. I do think thistrend will change in time.

I feel a lot of tech stocks currently make good long term buys. If you wouldlike to buy into a upscale restaurant chain that is growing at a steady pace, buy into RUTH. It is a Steak House and has been around since the 60's, but gone public only in the last year or two. It is below IPO price currently and I might be rusty but I don't see any factors standing out except a poor over all market. Yup, don't think Americans will stop eating steak any time soon :)

Anyway, at 18 bucks, I think it is a deal. Earnings are tomorrow and so you can choose to buy after earnings too.

I think the market can still fall a little more but right now might be a good time to buy stocks that you plan to hold for a while.

CKCM earnings are on Thursday and I do think it is a good buy long term at16.6. OVTI might see a traditional dip before earnings which will be in early Sept. Texas Instruments (mentioned strong chips sale for cell phones) and Cell phone companies have had strong earnings which bodes well for OVTI. Image capturing chips according to some analyst might be becoming acommodity but I feel OVTI has planned its diversification quite well, have good revenue growth and have a cheap P/E.

I will not be covering Oil / Mining stocks in general but the gains there have been dramatic for those who are interested.

Good luck!
Ahu