Yes, B+ picks can be bargains too

Here's my shopping list for Monday, when the market could resume the Big Dipper, then turn around at mid-day.

I never cared for roller coasters, but that's what we're on for awhile. My wish list, current prices and target buy prices (highly adjustable):

[B+] China Medical Parts (CMED), now 32, target 30
[B+] CNOOC Ltd. (CEO), now 113, target 111
[B+] Darden Intl. (DAR), now 8.03, target 7.50
[B+] Flowserve (FLS), now 68, target 65
[B+] Focus Media (FMCN), now 39, target 35
[B+] Gmarket (GMKT), now 22, target 21
[B+] HDFC Bank (HDB), now 81, target 73
[B+] Intercontinental Exch. (ICE), now 153, target 140
[B+] Opsware (OPSW), sold to HPQ at 14.25
[B+] Potash Corp. (POT), now 85, target 77
[B+] Precision Castparts (PCP), now 137, target 125
[B+] Salesforce.com (CRM), now 39, target 27
[B+] SanDisk (SNDK), now 53, target 49
[B+] Sina Corp. (SINA), now 42, target 40

Dammit, where's the barf bag?

B+ picks slide, but Potash still rising

The B+ gang of picks is holding up fairly well, but that's like saying there were survivors of the Titanic. Fortunately, no lives are being lost in today's market, no matter how bloody.

With Dow Jones down 281 points (2.1%) and Nasdaq off 64 points (2.5%), five of the B+ picks were down more than 3%. Flowserve (FLS) sank 4.7% to $68.87 after announcing that it would sell its Swiss manufacturing facility.

HDFC Bank (HDB) of India was down 4.5% to $81.71. No bad news. Just a big bank being hit hard like all the financials. Whether the credit issue pertains to India is another question.

Darling International (DAR) got an upgrade on Monday, but sold down with the rest of the market. DAR closed at $8.03, down 4%.

China Medical Parts (CMED) and CNOOC Ltd. (CEO) were hit by U.S. volatility, as well. No bad news for either company, which could make CNOOC extremely attractive. With a P/E of 11 and return on equity of 34%, I admit it. I'm tempted.

Of the 13 B+ picks, five are in the green. Potash (POT) continues to trade like an internet bubble stock. The fertilizer company is up another 1.9% to $85,35. When I took notice of Potash a few months back, it was at $210 (pre-3 for 1 split) and it look overpriced. Wrong. I was wrong. As long as agriculture is hot, so it will be with the big POT.

SanDisk (SNDK), Focus Media (FMCN) and Intercontinental Exchange (ICE) are also up. SNDK had a great earnings report a couple of weeks ago, but has pulled back from its recent high of $62. SNDK is trading at $53.43, up 1.6% for the day.

FMCN is up on no news, but the stock has been hammered in the past month since the Co asked Nasdaq for a hearing regarding two letters from a short seller. FMCN traded up 1.1% to $39.82, well off its high of $52.

Bear-busters far and few in between today

Good night, we're seeing red today.

Well, mostly red. There were a few stocks that held their own despite a 311-point shaving of the Dow Jones (-2.2%) and 48-point slice out of the Nasdaq (-1.8%).

CROX obviously stomped all over shorts (32% of the float) and bears with gigantic earnings report. The stock closed at $49.25 yesterday and has soared as high as $59.25 in today's extended hours. Currently at $58.20.

AAPL pared back a bit from yesterday's after-hours trading, but is still up for the day more than 6% at $146.05 in extended hours. Is Apple a buy here? It's a tantilizing question for longs who want more and sideliners waiting for a pullback. No question there are still doubters regarding the iPhone and it's first-generation flaws. Just how many iPhones will sell in Q3 is an issue that may be made moot if Mac sales continue to shock.

BIDU is down to $207.11 in after-market trading after closing the regular session with a 14% gain to $209.06. Of course, the stock isn't quite where it was in yesterday's extended hours ($220), but it's still a mammoth move from a low of $175 earlier in the week.

NTDOY.PK continues to mirror the movement of the Co's stock in Tokyo. For a second day in a row, shares leaped higher after astronomical growth numbers were released by Nintendo yesterday morning. NTDOY.PK closed today at $62 even (up 2.6%), another all-time high. If the Co can truly increase production of its Wii, the stock could go to infinity and beyond.

Some other winners today were: Focus Media, up 1.1% to $41.64; Potash, up 1.4% to $78.37; International Exchange, up 1.8% to $146.34.

It's good to see some of my A- and B+ picks stay green today, but what matters more is which of those that went red are pulling back to more buyable levels.

Pupule Paul is a bit long AAPL, BIDU, CROX, FMCN and NTDOY.PK.