Finding my comfort zone. Restructuring the portfolio to suit my strong point. Not trying to run a diversified portfolio. I’m not running this for retirement. Its a specialized fund in science, engineering, and technology. Most picks here are for the long term, looking at supercycles of 7-14 years that will dwarf the credit crisis we have now, which is already making Paul Bunyan look like a baby (much much bigger, and hairier).

1. Union Pacific (UNP) - Weak dollar. Lets keep exporting stuff! Maybe some lead back to China? Just kidding. How about just some POT(ash).
2. Potash Corp. of Saskatchewan, Inc. (POT) - If you saw how excited the CEO was on Fast Money talking about the potential growth, you’d think he was smoking some. Perfect explanation of the growth: once people taste meat, they don’t go back. Meat requires several times more grains to produce. Show me the POT baby.
3. Companhia Vale do Rio Doce (RIO) - Steel producers being able to raise prices?  I think the real beneficiary here is Companhia Vale do Rio Doce (aka CVRD).  CVRD is the hand that’s squeezing the toothpaste of steel producers’ margins.  I don’t think steel producers want to raise prices.  Commodity prices are forcing them to.  They’re just passing on CVRD’s price hikes, not really expanding margins and making more mula.
4. Southern Copper Corp. (PCU) - Even though we don’t notice it, civilization is built on copper.  And man oh man are we building.
5. Precision Castparts Corp. (PCP) - Riding the commercial airplane replacement and buildout cycle. Also, essential for the furnaces going into the power plants popping up in China every 2 weeks.
6. ABB Ltd. (ABB) - Perfect play on the power grid (along with PCU and PCP), both the decaying ones in the U.S. and the new grids to be build in China, India, Russia, Europe, Mid East, and Latin America. A growth-value. Hard to say that about many stocks. A lot of advanced energy-generation and energy-conservation technologies no one talks about.
7. Foster Wheeler, Ltd. (FWLT) - No MDR, but should approach MDR’s perfection with the opportunities in the Middle East and especially in Asia. The new products they’re pushing including the CFB and Pluto platforms should help margins & efficiency explode.
8. McDermott International Inc. (MDR) - 4000% over 5 years, and still trading at the lower end of it’s P/E range. This should not be classified as a Engineering & Construction company. It’s a highly efficient mass (low cost) producer of oil & gas infrastructure.
9. TransOcean, Inc. (RIG) - love National Geographics’ “Oil, Sweat, and RIGs” series.
10. Chesapeake Energy Corp. (CHK) - Natty (natural gas) is so much cheaper on a BTU energy basis than oil. L.A.’s Long Beach harbor is already switching to NatGas for clean energy, other municipalities will do the same.
11. First Solar, Inc. (FSLR) - CdTe is the RIGHT semiconductor material for capturing solar energy, silicon is not. Simple as that.
12. L-3 Communications Holdings Inc. (LLL) - Best defense contractor. Period. Little to no operational risk and in a highly efficient niche of government contracts. No design and manufacturing problems that everyone from Lockheed Martin (LMT) to Northrop Grumman (NOC) and Boeing (BA) deal with daily. Raytheon (RTN) could have been like LLL, except RTN’s management prefers to run RTN like feudalism Japan.
13. Corning Inc. (GLW) - How awesome is that signal on the oscilloscope for the ClearCurve optical fibers?!?!!! THAT…is what gives engineers wet dreams.
14. Apple Inc. (AAPL) - iPhone should NOT a smartphone and shouldn’t be compared to a Blackberry (RIMM) or a Nokia (NOK) product. The iPhone is a full-fledged tablet PC with a complete operating system.
15. FTI Consulting, Inc. (FCN) - Anticipating lots of legal activity required in the aftermath of the credit/mortgage apocalypse. Municipals suing financial corporations, corporations restructing, etc.
16. Annaly Capital Management, Inc. (NLY) - Attempt to be the vulture, not the meat in this credit crisis. I can take the pain. No pain no gain.
17. Hologic Inc. (HOLX) - @ forefront of women’s diagnostics technology. Because like most people, I have a mother.
18. Altria Group Inc. (MO) - Yield, weak dollar, defensive diversification.  Don’t smoke. It’ll make you ugly…like a camel.
19. McDonald’s Corp. (MCD) - MickyD’s Baby! Yield, weak dollar, defensive diversification.

**Disclosure: Author is long UNP, POT, RIO, PCU, PCP, ABB, FWLT, MDR, RIG, CHK, FSLR, LLL, GLW, AAPL, FCN, NLY, HOLX, MO, MCD as of this post. **