tonyinbrazil

Why I'm Adding to Excel Maritime, Atwood Oceanic and James River Coal

Unlike Trader Mark, I added to my MOS position on the dip.

Figured with the world population growing (and eating more), the low p/e relative to competitors, minimal debt, planting season here and the stock beaten down mercilessly over the past few quarters, this seemed like a pretty solid buy and hold play.

So far, the stock's been holding the 50s. Let's see if she breaks through the 59 resistence.

Cramer's Lightning Round - Don't Be Fooled by DryShips (2/12/09)

Here's Cramer on Jan. 8, 2009, when DRYS was peaking in the $15-17 range:

DryShips (DRYS): “You got it…I feel very strongly this is going to be a winner. I see the Baltic dry index has bottomed…China is coming back.”

Now it's at $5 and he's bearish.

Should you be taking this guy seriously anymore???

I think not.

Chesapeake Energy Pre-Call Notes: Another Quarter, Another Beat

All the goodies above AND the CEO (by and large considered one of the best in the country), spending millions of his own money to buy up shares of CHK on the open market???

What more do you need to know???

Shorting CHK is madness.

Holding makes damn good sense.

Buying (especially at these prices) is as close to a sure thing as anyone's going to get in this world.

Loss of Clarity on Chesapeake's Peak

Sure there might be some downside due to profit-taking or other motives, but shorting CHK would constitute near insanity. With even the slightest bit of good news (e.g. Haynesville blowout numbers, earnings, NG futures surging, tropical storms, etc., etc.) shorts will get burned... badly.

Look... there's just no way CEO McClendon is buying up shares in the open market on a whim and a prayer. This guy is pretty much universally considered one of the best CEOs in the country. He knows what he's doing.

Hence... all the recent capitalization activity (partnering up and selling off) along with McClendon's buying up large quantities of shares should tell you the Haynesville find is going to be HUGE.

Natural gas is a winner and CHK is atop the heap.

Patience on the part of longs is in order here; shorts are fully justified in any nervousness they should be feeling.

JMHO

Cleantech "Power 10" Ranking (Vol. I)

Inclusion of FSLR. All fine and dandy from a hypothetical "what-might-be" perspective, but as an INVESTOR/TRADER, FSLR's 110x p/e and recent down spike makes it a scary investment.

Advice: Look elsewhere until FSLR's p/e gets in the realm of relative realism.