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My top choices are:

1. Global Crossing (long)
2. FNHC (short)

I know Global Crossing is expensive but it will only go up. This is a blue-chip stock that hasn't reached blue-chip stock status. I say we at least get our feet wet now with a share or two and then use the rest to jump on FHNC (this was the real cheap one, right Jaasi?). That way we can sell it short make a pretty penny and reinvest the capital in other longer term stock.

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