SB: Ease into the Waters

Hot IPO Trader
Monday, June 02, 2008
By Louis Basenese

Email – #228

** SB: Ease into the Waters

Despite pricing below the expected range, dry bulk shipper Safe Bulkers, Inc. (NYSE: SB) is holding its ground. Prices have yet to retreat more than a few percentage points from last week’s opening price.

So let’s ease into a position today. Only purchase half your typical position size. If prices dip, we’ll look to average down. But it’s more likely we’ll be buying into strength, as the industry fundamentals remain favorable thanks to strong worldwide demand for commodities.

Keep in mind, current prices also mean we’ll be getting a 10% yield. And in this market, that’s nothing to turn our nose up at.

** Action to Take: **    

 Buy half your typical position size in Safe Bulkers, Inc . (NYSE: SB) at $19 or better. Set a protective stop at $15. And stay tuned for further instructions on entering the second half of the trade.

Elsewhere, no IPOs are planned this week. But the pipeline remains robust with close to 200 deals in the works. Remain patient and I’ll be in touch as the opportunities arise.

Good investing,

Lou Basenese

P.S. I would like to extend a personal invitation to join me and a stellar array of experts on The Grand Fall Foliage Cruise . We will be traveling October 19-29, 2008, aboard the #1 cruise ship in the world, the Crystal Symphony. The cruise starts in picturesque Montreal and sails up the St. Lawrence to Quebec City, Halifax, St. John, and then down the Atlantic Ocean with stops in Bar Harbor, Boston, Newport and finally New York City. As we sail, we’ll also delve deep into market trends in search of the most profitable opportunities. Our faculty of international financial experts will share their insights and wisdom with you, discussing cutting-edge strategies for wealth management and international investment opportunities. I will be there, as well as The Oxford Club ‘s Executive Director Julia Guth , and Investment Director Alexander Green , Money Map faculty Keith Fitz-Gerald , Mary Anne and Pamela Aden and Chris Weber . Also on board will be Mt. Vernon Research Investment Director Karim Rahemtulla will also be there, among other experts. I hope you’ll join us. Reserve your spot today by calling our Cruise Desk at 888.684.7245 or 941.955.0323, or click here .

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Stock

Rec
Date

Rec
Price

Current Price

Comments

Safe Bulkers, Inc (NYSE: SB)
6/02/2008
$18.90
$18.90

Buy half of normal position at $19 or better. Set sell stop at $15.

Pioneer Southwest Energy Partners LP (NYSE: PSE)
5/01/2008
$20.00
$19.21
Buy at $21 or better. Sell stop is $16.25.

All Hot IPO Trader recommendations are posted on The Oxford Club website – www.OxfordClub.com Just click on ‘The Hot IPO Trader’

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Bi Louis Basenese is the Associate Investment Director for The Oxford Club . He began his career structuring asset protection programs for private business owners and later joined one of Wall Street’s leading investment firms as a top analyst and trading expert. Louis specializes in non-traditional investments such as hedge funds, managed futures, takeovers, IPOs and various other alternative investments. He has an MBA from the Crummer School of Business at Rollins College and draws upon both his academic and professional experiences to edit three elite trading services: The Takeover Trader , The Hot IPO Trader and The Long and Short Trader . Louis also is a regular contributor to the Oxford Club Communiqué and the Oxford Insight e-letter and is a top-rated speaker at financial conferences around the country.

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Copyright – 2008 The Oxford Club, LLC. The Oxford Club does not act as a personal investment advisor or advocate the purchase or sale of any security or investment for any specific individual. The Oxford Club provides its members with unique opportunities to build and protect wealth, globally, under all market conditions. The executive staff, research department and editors who contribute to The Club’s recommendations are proud of the reputation The Oxford Club has built since its inception in 1984. We believe the advice presented to its members in our published resources and at our meetings and seminars is the best and most useful available to investors today. The recommendations and analysis presented to members is for the exclusive use of members. Members should be aware that investment markets have inherent risks and there can be no guarantee of future profits. Likewise, past performance does not assure future results. Recommendations are subject to change at any time.

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