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Ocean Man  

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  • SandRidge Energy (SD) agrees to sell four of its East Texas natural gas properties to NFR Energy LLC for $231M. The company plans to use the proceeds to fund its transition to an oil-focused drilling program. Shares +2.5% AH.  [View news story]
    Great move SD! Long calls after they said they were moving from a nat gas focus to an oil focus last week. Long on EOG for same reason.
    Sep 27, 2011. 11:52 PM | 1 Like Like |Link to Comment
  • It's Going To Be A Busy Week [View article]
    DRI's bar isn't set too high, and last quarter they said they'd be cruising if gas prices would come down, and they have. I'm expecting a beat.
    Sep 27, 2011. 12:57 AM | Likes Like |Link to Comment
  • The Telegraph reports German and French officials working on a multitrillion-dollar "firebreak." Among the steps is a bank recapitalization going well beyond the laughable €2.5B tagged by the EU stress tests (the IMF puts the figure at €200B, others say €1T). A bump in EFSF firepower to €2T and a "controlled" Greek default giving a 50% haircut to lenders are also in the mix.  [View news story]
    Why are you shouting?
    Sep 25, 2011. 11:11 AM | Likes Like |Link to Comment
  • The Telegraph reports German and French officials working on a multitrillion-dollar "firebreak." Among the steps is a bank recapitalization going well beyond the laughable €2.5B tagged by the EU stress tests (the IMF puts the figure at €200B, others say €1T). A bump in EFSF firepower to €2T and a "controlled" Greek default giving a 50% haircut to lenders are also in the mix.  [View news story]
    That, by itself, would be good for gold.

    But to the extent that people who were using gold as a safe haven until Europe got straightened out move out of gold and into stocks, that would have a dampening effect.
    Sep 25, 2011. 11:03 AM | Likes Like |Link to Comment
  • Apple: A Growing Shelter From The Storm [View article]
    I agree. Especially in a time when all you hear every day is that earning projections are going to start coming down for everybody else, Apple's are growing at a remarkable pace. Next year's earnings projections are absurdly low for Apple. They will adjust upward. Apple's competitors are dropping like flies. I don't predict a double, but if this stock doubled, it wouldn't be unreasonable.

    Here's how I put it. The stock looks underpriced. People line up outside their stores during tough economic times. They are the unquestioned best of breed. They have huge profit margins. They create tech trends. I could go on, but that's enough of a checklist for me.

    Bonus: 9 of the last 10 years tech stocks have surged Oct to Jan, and struggled from Feb to Sept. The wave is right behind you, are you paddling to catch it, or are you letting this one pass by?
    Sep 25, 2011. 10:29 AM | 3 Likes Like |Link to Comment
  • CME Group hikes margins again on gold by 21%, silver by 16% and copper by 18%. (pdf).  [View news story]
    No, they hiked it from 5.76% to 7%. Thus, they hiked it by 21%. It was stated correctly.
    Sep 24, 2011. 03:13 PM | Likes Like |Link to Comment
  • Most Investors Miss The Point: Operation Twist Is Brilliant [View article]
    The Fed doesn't make moves to affect the next day's market movement, or even the next week. There's a butterfly effect that takes time. Twist - housing - unemployment - economy - stock market. Stocks are incorrectly priced right around 100% of the time.
    Sep 24, 2011. 03:08 PM | Likes Like |Link to Comment
  • CME Group hikes margins again on gold by 21%, silver by 16% and copper by 18%. (pdf).  [View news story]
    This news obviously leaked earlier today, if not earlier this week....
    Sep 23, 2011. 10:57 PM | 3 Likes Like |Link to Comment
  • Most Investors Miss The Point: Operation Twist Is Brilliant [View article]
    If there are any sure things in this market, it is 1) that Bernanke does the right thing for the economy, and 2) the market doesn't get it at first.
    Sep 22, 2011. 12:38 AM | 2 Likes Like |Link to Comment
  • 10 Commandments For Dividend Growth Investors [View article]
    Great article, Just Sayin, and congrats on becoming a contributor. I hope to have a story like your Colgate one a few years from now.
    Sep 18, 2011. 07:34 PM | 4 Likes Like |Link to Comment
  • 4 Large-Cap Dividend Stocks To Avoid, 1 To Buy: Here's Why [View article]
    Well, if anybody did buy KMB on Friday, you may have bought it from me. I don't know why you'd buy a sideways stock like KMB at its 52-week high.
    Sep 18, 2011. 01:08 AM | 1 Like Like |Link to Comment
  • Nationwide Mortgage Refinancing Impacts On mREITs [View article]
    Good article, Todd, you're doing a great job keeping up with the day-to-day news surrounding the mREITs.

    A bit off-topic, but a giant thank you for turning me on to UAN. I had put a sell on it if it hit $26, which it did today. That gave me about a 25% return from when it dipped under $21 about a month ago. Not bad in this market.

    I'm about halfway there on another recent IPO MLP too - QRE. It also has about a 9% yield and it's being added to the Alerian MLP Index on Friday at the closing bell which could give it another pop with the buying pressure from the index funds since it's under $1B market cap. Check it out.
    Sep 14, 2011. 02:11 AM | 1 Like Like |Link to Comment
  • Why mREIT Stocks Should Be Heading Higher Soon [View article]
    From dictionary.com:

    Chimera (noun):

    1) a horrible or unreal creature of the imagination

    2) a wild or unrealistic dream or notion

    Synonyms: dream, fantasy, delusion

    Why would you name your company this?! Although it does seem fitting......
    Sep 12, 2011. 01:54 AM | Likes Like |Link to Comment
  • 5 Stocks That Lost On Friday To Buy For Large Gain In The Near Future [View article]
    Let's face it, the Dow was higher in 1999 than it is right now. That was 12 years ago.

    You can argue all day whether we're in a recession or not, or whether we're headed into one or not. The fact is we've been in a sideways market for the past 12 years, and we've been in a sideways market for the entirety of 2011. During this time, there was money to be made riding CAT from its dips up 10 or 20 points from time to time.

    I've taken CAT for a ride several times in the past year, and Brian's right, it's at a relative low point after a slew of bad macro news, and some good news is due and could give it a ride. Besides the macro news, CMI is having an analyst meeting on Tuesday, and if they spin a good story, CAT and DE will get a bump along with CMI. China's inflation cooled off last week too, and if they stop tightening as a result, there's another catalyst for these three.

    It's not a sure thing, but it's a decent bet and riding a high beta stock from 83 to 93 is a reasonable proposition in this market. It's best of breed, will add Bucyrus accretion this quarter, will add Japan rebuilding this quarter, will add Obama road and bridge construction soon, a great China play, you could do a lot worse.
    Sep 12, 2011. 01:32 AM | Likes Like |Link to Comment
  • 5 Stocks To Benefit From Obama's Job Plan [View article]
    I agree about CAT, will be a major recipient in the construction effort, as well as the rebuilding of Japan after the earthquake / tsunami, plus China's growth which seems to be back on an upswing with inflation settling down.

    FCX also gets the double help from US jobs and China growth, a great play on China's phone and electricity growth.

    I agree on the rails too, CSX in the east and UNP in the west to carry the construction materials where they need to go much cheaper than trucking can.

    I'd add CMI (engine maker) and some of the coal producers to this list as benefitting from both the US and China recent developments.
    Sep 11, 2011. 09:35 AM | Likes Like |Link to Comment
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