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Oct. 4, 2011, 12:07 p.m. EDT

Value and short ideas after yesterday's big fall

By Mick Weinstein

Following the S&P 500's crash through its 1,100 support line yesterday, some value-oriented long ideas and smart short cases seem appropriate.


While big solar names such as Solyndra and Evergreen outright collapsed this year, and others like First Solar (NAS:FSLR) have swooned, alt energy investor Tom Konrad went behind the hyped panel to discover two solar power inverter companies he's now long as value plays : SMA Solar Technology (OTC:SMTGF)   and Power-One .

On the iShares blog, Russ Koesterich sees energy companies as a bargain in the wreckage .

Roger Nusbaum - whose longstanding blog is a must-read on the process of portfolio management - sold out of Caterpillar (NYS:CAT) earlier this year due to recession concerns, but believes the stock "will go to $130 at some point even if it gets there by way of $60." Roger contrasts CAT to Nike (NYS:NKE) , which he still owns.

As gold and silver speculators head for the exits, the smart money remains, according to Jordan Roy-Byrne .

Frank Voisin sees MIND CTI (NAS:MNDO) as "between 25% and 40% undervalued."


Why Sirius XM (NAS:SIRI) could easily drop from the current $1.45 to under a buck .

Greg Harmon notes that even the strongest financial sector stocks - like CME Group (NAS:CME) , Intercontinental Exchange (NYS:ICE) and Visa (NYS:V) - have broken down .

The disaster scenario for chip stocks like Broadcom , SanDisk , Micron (NAS:MU) and Texas Instruments (NAS:TXN) .

Dan Plettner shorted closed end fund Liberty All-Star Growth (NYS:ASG) for these reasons .

Goldman cut its metals forecast - bad news for copper names like Freeport-McMoran (NYS:FCX) and Rio Tinto (NYS:RIO) ?

The opinions offered herein are not personalized recommendations to buy, sell or hold securities.

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