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Stock Pickers: Short and Long Trades Now

Thursday, 14 May 2009 | 10:12 AM ET

This is the time to buy into stocks, said Harry Rady, CEO of Rady Asset Management, and Lee Eugene Munson, CIO of Portfolio Asset Management.

“You need to keep your trades short, and you need to keep your stocks tight,” Munson told CNBC.

“We see real opportunity on the short side,” said Rady.

Recommendations:

Markets Close In Red
Checking the declines in the markets, with Lee Munson, Portfolio Asset Management; Harry Rady, Rady Asset Management; and CNBC's Maria Bartiromo.

Munson Likes:

“We like oil services and consumer staples,” said Munson.

Unilever

PepsiCo

ProShares Ultra Real Estate

Rady Likes:

“We really like consumer discretionary on the short side and health care in the long term," said Rady. "Especially biotechnology."

Short Term:

AutoNation

J Crew

Green Mountain Coffee Roasters

Long Term:

Celgene

King Pharmaceuticals

Disclosures:

Munson owns shares of PepsiCo and Unilever.

No immediate information was available for Rady or his firm.

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Disclaimer

  Price   Change %Change
AN
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CELG
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GMCR
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PEP
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UNA
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PS ULT RE
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