Bought LDK Solar (LDK) - again

We bought LDK Solar at $30.49 per share yesterday at the open. The stock is down about 40% after 3rd quarter earnings came out in mid-December. Margin worries had caused several analysts to downgrade the stock. Even the reassuring press release in early January failed to convince analysts as the stock plunged another 30%. With this trade, our cash position has come down to 7.54%.

Below are our updated stock positions:

Stock	Buy Date	Buy Price	Current Price	Current % Of Portfolio	Unrealized % Return	Current Yield
Philip Morris (MO)	1/4/2005	46.54	73.88	10.12	57.67	3.90
Kraft Foods (KFT)	1/4/2005	21.11	29.88	2.84	41.52	3.30
Plum Creek Timber (PCL)	5/12/2005	35.5	40.06	8.28	12.84	3.60
Pfizer (PFE)	2/6/2006	25.15	22.23	6.13	(11.62)	5.60
ICICI Bank (IBN)	5/18/2006	27.57	61.68	12.76	123.70	0.80
Taiwan Semi (TSM)	7/27/2006	8.71	8.02	5.53	(7.90)	3.60
Advantage Energy Fund (AAV)	11/2/2006	11.22	8.75	3.92	(22.05)	16.80
SunTech Power (STP)	3/14/2007	36.73	45	6.20	22.53	None
Central Europe & Russia Fund (CEE)	6/28/2007	51.5	45.18	6.23	(11.47)	17.90
Patni Computers (PTI)	8/10/2007	20.85	12.60	4.34	(39.61)	0.80
Itron Inc. (ITRI)	11/07/2007	85.01	81.23	5.60	(4.56)	None
Anthracite (AHR)	11/09/2007	7.97	5.90	4.07	(25.97)	15.60
ClickSoftware (CKSW)	11/09/2007	4.61	3.07	2.12	(33.40)	None
Harvest Energy (HTE)	11/28/2007	21.01	20.92	5.77	(0.45)	17.30
iRobot (IRBT)	12/18/2007	18.65	20.40	4.57	(9.38)	None
MCG Capital (MCGC)	12/21/2007	11.86	10.91	4.51	(7.98)	15.00
LDK Solar (LDK)	01/22/2008	30.49	33.91	7.01	11.21	None
Cash				7.54
Total Portfolio					5.88

• For SunTech Power (STP), we wrote a call option for March 45 (see first table) and so the price is listed as $45 as we won’t participate in the appreciation beyond that plus the premium received.