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Thanks Einstein. Very few ever come back to say I am wrong so I appreciate it. Trust me, I'm wrong my fair share as well.
Oct 20 16:24 pm
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All Comments by TraderMark »Reducing Coal Position As Hedge Funds Punish the Sector [View article]
I'm bullish here at these levels (well I was Thursday and Friday) some of these names are up 30% already. Also fertilizer. These will probably be trading vehicles for the better part of the next year and then mid 2009 forward I think the next sustained move (by that I mean multi month moves) as the rest of the world begins to rebound (America will still be struggling) and the market begins to anticipate it.
BTU results were stellar.
I think hedge funds will have 1 more round around December and then many will simply close up shop since it will take 2-3 years of profits to make up for this year, so their effect will be far less important after Jan 1.