TraderMark

Chicago Bridge and Iron Earnings Mixed, but Buffered by Global Exposure

value, I wonder if people think its based on Chicago or something ? :)

The action has perplexed me, I'm a big infra fan. Lots and lots and lots of resistance in the chart at $44-$45. It will need to get back over that level to bring back the momentum guys. But its a heck of a value here. Been concentrating on FWLT, FLR, and MDR of late.

SGR is also strangely weak.

I think people think projects will get cancelled or they are reliant on US credit markets for their customers to get funded for said projects. True for the more US based infra, but most of these are heavily global with customers in Asia and Middle East (cash rich)

but you cannot talk sense to a herd :) Still like the long run, technically its broken in the near though.

Percentage of Stocks Below 200 Day Moving Average Now at Historical Oversold Levels

I still like DO, RIG, and ATW. Only issue is everytime the market panics it dumps these thinking crude is going back to $50. But I like the deep sea names and find them to be a good valuation. The market treats them with a cyclical multiple instead of a more secular one. If that ever changes they'd truly move.

12 Stocks to Buy on a Pullback

And the title of the post is? :)

12 Stocks to Buy on a Pullback

ISRG = good stock, valuation that makes me dizzy

12 Stocks to Buy on a Pullback

As for coal, I think its turning from a North American commodity to global commodity. Coal and natural gas had not followed crude because they are traditionally more local commodities - so ebb and flow with US economy. Now as China sucks in more of the world's coal (and that will hold true if China GDP is 2% or 12%), with the high cost of shipping, and low dollar, the Europeans are really liking our coal off the east coast. Thats my thesis and until the price action dictates differently I am sticking with it. :)

12 Stocks to Buy on a Pullback

John, I write about the latter point of your comment almost daily :)
There is a huge bias to big boys and I love things like huge amount of calls being bought right before a stock gets bought out and the SEC never looks at this. SeekingAlpha has some of my comments on these shenanighans. The "invisible hand" is hard at work propping up the market - apparently they only care about equity markets because bond markets are signaling a lot of bad things that you'd never see if you looked at an equity market that as of early last week was 4% away from all time highs. Anyhow, I do write about these topics quite often.

Good call oN TSO - I like FTO more as a refiner, but TSO was more of a Kerkorian play that did not work out. No one is perfect, nor close to it - the key is to let your winners run, and cut your mistakes quickly. I am out of TSO as of yesterday in fact when it spiked to near $50 (sold the other half $55 the day before Kerkorian pulled the plug on the 20% tender). My whole thesis there was oil prices would fall (which they did) from $100 and refiners would benefit from crack spreads widening... so the latter part of the thesis did not work out. It happens. :)

12 Stocks to Buy on a Pullback

Lisa, here is a post I did about MA

www.fundmymutualfund.c...

They essentially are a play on the move away from a cash society to a plastic society, with huge growth avenues overseas. The banks they represent actually carry the credit risk, not MA itself.