Comments on Fund My Mutual Fund: Readers Homework - Do Your Pickens

Rry,I think you asked me about UNG the other day -...

2008-07-09T10:15:00.000-04:00

Rry,
I think you asked me about UNG the other day - should be a good long term position, its just a question if you'd rather play the producers or the physical commodity.

Danoff at Contrafund is a genius considering the amount of money he has to manage. I don't know he does it. A lot of respect to that guy.

I've been reading about the Bridgeway guys since someone mentioned them to me, and they have a computerized model that is all about relative strength and seems to be doing very well for them.

kb,
I make a lot of transactions but I'd say 50-60% of the stocks have been in the fund since day 1. I just weight them differently over time. So any of those 50-60% I'd consider to be good 2-3 year holds. Probably the most bullet proof fundamental story to me is Visa (V)/Mastercard (MA) - this is a duopoly and the rest of the world is just entering the world of credit. Inward looking americans focus only on Americans and do not realize the birth of credit happening for another oh, 5 billion people. (granted 3B will never have a card in our lifetime but 2B probably will)

soccerbill,
I'm sure Kool Aid has been patented, by say.. the guys at Kool Aid.

Go Pickens, GO!

2008-07-09T02:01:00.000-04:00

Go Pickens, GO!

Mark,rev shark from realmoney used the term "kool ...

2008-07-08T21:58:00.000-04:00

Mark,

rev shark from realmoney used the term "kool aid" in his article and said for people to stop sipping it now that we rallied.

That is quite funny

you should patent it if you created it, so you can make money off the royalties for the use of the expression to enhance your rising tide's performance

;)

TMAssuming the market continues to move lower into...

2008-07-08T21:35:00.000-04:00

TM
Assuming the market continues to move lower into 1st quarter of 2009 and does make a bottom in 3rd or 4 quarter of 2009, do you have 2 or 3 stocks that you would buy and hold for 2 or 3 yr time line? I know this is not your investing model but you did mention Massey Energy as a possible long term stock. Do you think the fertilizer, energy and coal sectors will also lead the way up when market does make a bottom?
KB

Aggressive 2

2008-07-08T21:22:00.000-04:00

Aggressive 2

Mark,While you're on Pickens CLNE is a good mentio...

2008-07-08T21:20:00.000-04:00

Mark,

While you're on Pickens CLNE is a good mention.

I bought a small UNG position but was stopped out... commodities, esp oil/NG trade together and the "stronger dollar" (weaker Euro... we'll see how long this "srong dollar" lasts. UNG was on such a nice trend and there are so many trend tracking computers out there ... but so it goes... I think natural gas prices will resume their upward march once this new rally fades.

Also it is interesting that you mentioned Montgomery as one of your favorite fund managers. I held two mutuals for several years before this market started: Contrafund (Danoff)and Bridgeway Agressive...

Best in your wishes to one day be in the company of guys like this (and of course Heebner).

I've been watching ERJ as well... thanks for reminding me to look at this otherwise terrible chart...