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John Thomas graduated with a bachelor’s degree in biochemistry with honors and a minor in mathematics from the University of California at Los Angeles (U.C.L.A.) in 1974. He moved to Tokyo, Japan where he was employed by a medium-sized Japanese securities house. Thomas became fluent in Japanese... More
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Mad Hedge Fund Trader
  • Well, The Natural Gas Play Worked 4 comments
    May 10, 2009 12:14 AM

    I am reprinting below in all humility my April 14 recommendation to buy natural gas at $3.60, the strongest, most aggressive, table pounding advice I have given this year (http://www.madhedgefun... ), with appropriate apologies to red headed people. Only years of driving around hot, sweaty, dusty roads, wildcatting for good old CH4 in Texas and Colorado, could enable me to make such a call. After one last puke out round of stop loss selling that took it down to an unbelievable $3.22, it soared 36% to $4.38. Chesapeake Energy (NYSE:CHK) rocketed by 85%, and Devon Energy (NYSE:DVN) roared by 71%. No doubt that it has been dragged up by crude’s move to $58, kicking and screaming all the way. Although this is not as impressive as crude’s 80% lift off its $32 bottom, it is still one of the most rapid and impressive moves of any commodity this year. You can also bet that every electric power utility in the country was scampering to acquire advance supplies of the clean burning fuel, taking advantage of a rare opportunity to buy at below the cost of production. While the juice may be out of this for a day or weekly trade, natural gas is still a steal at these levels for the long term.
     

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  • David Jackson
    , contributor
    Comments (1236) | Send Message
     
    Great call. If you add the tag for the natural gas ETF, this piece will come up on our quote pages and get more visibility.
    11 May 2009, 01:55 AM Reply Like
  • User 341510
    , contributor
    Comments (5019) | Send Message
     
    Author’s reply » Thanks. Sometimes I wonder if anyone reads this stuff
    19 May 2009, 08:46 AM Reply Like
  • guymar
    , contributor
    Comments (121) | Send Message
     
    What, are you kidding? You're one of the only guys around here with genuine valuable ideas! I do technical analysis and mainly invest in ETF's, but your macro vision the best I came across here. If we did not have such huge correlation with indexes because of the bear market I would play them.
    19 May 2009, 11:05 AM Reply Like
  • TimTrader
    , contributor
    Comments (5) | Send Message
     
    I have been following the Mad Hedge Fund Trader for who months and my numbers rock as a result. Keep it coming. Why don't they have you listed as a contributor?
    20 May 2009, 07:26 PM Reply Like
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