nycDem

Notes on a Worst-of-Breed Rally

...to continue, I would agree that we shall shortly see the commodities start rallying forward again (especially Natural Gas stocks). There's no amnesia quite like the Wall Street brand of forgetting. Still, it's pretty rough out there right now...

Notes on a Worst-of-Breed Rally

Mark, what are your thoughts on natural gas stocks? (CHK, HK, XTO, etc.).

I took some profits on these a few weeks back, but then got back in and have since taken a beating. I'm not down as bad as I could be because I loaded up on DUG a while back...but it's still not a great feeling.

I would agree with your thesis that the "this is the death of commodities" crowd has once more rushed into the streets, forgetting that the last time they crowded the boulevard they were found shortly to be hiding beneath the dustbins...

So...is XTO a buy? It's gotten hammered.

Oh yeah...and don't even get me started on coal stocks...