Comments on Fund My Mutual Fund: Bookkeeping: Closing EOG Resources (EOG) and Encor...

The funds tend to push these stocks to extremes (e...

2008-07-25T13:58:00.000-04:00

The funds tend to push these stocks to extremes (either too high or too low), to the point where the fundamentals seem to not matter. I like the fundamentals of natural gas, but there's no hurry right now.

Mike,Unfortunately - you, like I, use logic. Hedg...

2008-07-25T12:37:00.000-04:00

Mike,

Unfortunately - you, like I, use logic. Hedge fund supercomputers do not. Don't you realize that natural gas = crude oil = potash? Once you learn that one minor thing, the prospects will become much more clear :)

I say that only with a little sarcasm. It is really that simple right now.

When the markets reward companies that are smashing their earnings I'll become more bullish. I've turned neutral on this group until logic returns ... check the Peabody Energy video from CEO this week on CNBC - even the CEO says the price of his stock is hedge funds moving in and out. hah. Another reader to the blog ;)

well we're finding so much gas we technically coul...

2008-07-25T12:33:00.000-04:00

well we're finding so much gas we technically could export it as liquid nat gas, but i doubt that will be allowed bc we have an energy crisis and this country shall never export energy or any nat resource

but nat gas is a local market entirely and china barely has any nat gas infrastructure, they cannot switch to it

just putting my 2 cents in from working for a utility

nat gas did have a ceiling though...bc at 16-17 UK would export to usa

Mark,In my opinion, cutting back on the natgas pla...

2008-07-25T12:16:00.000-04:00

Mark,

In my opinion, cutting back on the natgas plays is a wise idea. Lots of speculative money and downside risk until the commodity REALLY makes a bottom. I haven't seen it make one yet...

The fert/coal are alittle more of a wild card. Yes, they may get dragged down a bit more, but I really think the correlation between Oil->UNG/Coal->Fert will weaken as the fundamentals play out through earnings.

Can China really switch from coal to natgas if the price of natgas drops? I don't think so...

R Marcin has been shorting coal for 12 months sayi...

2008-07-25T11:39:00.000-04:00

R Marcin has been shorting coal for 12 months saying its overvalued

Every squirrel eventually finds a nut

Sort of like "buy the financials" crowd since last summer. They get it "right" once every 12 weeks.

I am worried about the chart action though in the near term. Nice to see some bounce but they've got a long way to go before becoming constructive.

Sad to see fundamentals mean very little.

People (from realoney.com)shorting coal got killed...

2008-07-25T11:37:00.000-04:00

People (from realoney.com)shorting coal got killed today.

XLE looks like going to 77 or 78...

2008-07-25T11:27:00.000-04:00

XLE looks like going to 77 or 78...

Yes.

2008-07-25T10:44:00.000-04:00

Yes.

Did you cut any fertilizers,especially MOS?looks l...

2008-07-25T10:43:00.000-04:00

Did you cut any fertilizers,especially MOS?

looks like in a bad technical condition.