sharksm

The Brightest Stars in the Commodities Boom, Part Two

I love Monday morning quarterbacks. AFTER a huge hit to commodities, our "expert" posts the news to sell coal, etc. Commodities including coal are in a long term uptrend and this sharp correction will be followed with furrther upward momentum. I have been overweight in energy since 1999, and have seen these pullbacks before. While I am most bullish on natural gas ,oil is going to continue to go up in price as long as the rest of the world sucks it up. Asia is adding cars every day and hasn't the natural resources to fuel them. Disclosure: I own 27,000 shares of CHK and have large positions in COP, XTO, EP, WMB, XOM, OXY and numerous oil services as well as pipelines OKS, MWE, KMP, EEP & TPP and coal as well through BHP & NRP.

Sell and Short Recommendations for a Bearish Market

Having Invested for 40 years, made more money than I could ever spend and never having shorted a stock, nor bought sold options, I am amused that a short seller can crow about success during a Bear market. We have been in a downtrend for months brought on by the sub prime mess, lack of liquidity among the financials and the high price of oil, (by the way shorting Oil producers like XOM during $140.00 oil is a death wish. ) If Oil was $100 a barrel, XOM would be coining money and even it's refining division would become more profitable, as the crack spread widened. Recommending shorting Airlines & Autos (Ford, GM, etc) could have been done two years ago. I cannot remember the last time Airlines or American Car Companies ,made money with onerous Union contracts and rising gasoline prices.In fact, since Wilbur Wright flew the first plane, the business has lost money and I don't expect to see General Motors, Ford nor Chrysler in their existing form in five years. What's left of them will be sold off to Toyota, Honda and Tata.

20 Guidelines for the Individual Investor

About the only think he forgot to say is "don't buy after they go chapter 11"

20 Guidelines for the Individual Investor

Just about the most useless example of advice I have had the misfortune to read. Filled with generalizations and names that have already have had good run. Advising to sell when an insider sells stock in most cases is not as meaningful as who the Insider is and how his annual pay is computed. Watching a CEO & Management buy is far more bullish than watching a director sell. Adice such as seal at a "peak" ridiculous, unless you have a ouija board, to tell you what the peak is. Successful Investors do not sell winners, but losers and let the winners run. I have a position in PM, MO & KFT that started 30 years ago with 1,000 shares and now is 20,000 MO, 20,000 PM & 13,000 KFT. When should I have sold? My dividends amount to over $75,000 a year, twive what I paid for the original position. What "peak" would he have had me sell at? I did the same with PG, JNJ, XOM, etc