October is over and the 250 points DOW slip last Friday means that the DOW gains for the month of October was nothing…nada.

It seems like Halloween managed to scare the shit out of stocks. Here is what I believe is your chance to cover your losses and go green this November.

Although, these companies were the biggest losers on Friday, I believe they will bounce back and bounce back big. Although, according to the Labor department, the personal spending fell 0.5 % in September, the nations third quarter Gross Domestic Product (GDP) was up 3.5%. Without further delay, let me give you my picks for November 2009:

I strongly believe that these stocks have been oversold and they will bounce back. I was confident enough to buy 30 call options of BAC that expire in dec, 10 call options of GE that expire in dec and 10 call options of AA that expire in dec. I will keep you posted to let you know if I made or lost money.

Disappointed earning results of general electric (GE) and Bank of america (BAC) has pulled down Dow to below 10,000.

The major averages traded more than 1% lower Friday as Wall Street balked at quarterly reports from General Electric (GE Quote) and Bank of America (BAC Quote), dragging the Dow back below the 10,000 level.

GE and Bank of America traded 5% and 3% lower, respectively, as the Dow Jones Industrial Average fell 102 points, to 9961. The S&P 500 declined 12 points, to 1085, and the Nasdaq gave up 25 points, to 2148.

General Electric reported a third-quarter profit that topped analysts’ estimates. But the bottom line was aided mainly by cost cutting and tax credits, while revenue, which fell 20%, undercut expectations.

It was GE’s finance arm in particular, which saw earnings fall 90%, that had investors wincing. Although CEO Jeff Immelt said the declines were due in part to faster than planned downsizing of the unit.

Bank of America lost more than $2 billion after preferred dividends in the third quarter. The loss was steeper than expected and stirred fears that struggling consumers won’t be able to increase their spending. The bank, one of the largest recipients of government bailout funds, said its losses from failed loans came to almost $10 billion.

Source