Comments on Fund My Mutual Fund: Wilbur Ross Believes M&A Activity in Coal Will be ...

Kunst,You'd think. I guess it is hard to talk sen...

2008-07-20T13:37:00.000-04:00

Kunst,

You'd think. I guess it is hard to talk sense to a mob wielding pitchforks and torches.

"They wanted him to somehow exit financials Monday...

2008-07-19T23:34:00.000-04:00

"They wanted him to somehow exit financials Monday at the bottom, exit all commodities, and then go long financials so they can make money every day. Yep, sounds realistic."

Well now, if they are so sure of how to invest, why don't they just do it instead of telling him to do it for them? You pay a manager for his judgment, and not based on one day's or one week's results.

AJ,I believe CGM Focus must of mistakingly sent ou...

2008-07-19T14:49:00.000-04:00

AJ,

I believe CGM Focus must of mistakingly sent out a prospectus that said "No Loss" Fund instead of "No Load" Fund. Obviously it is their fault for daring to lose money.

For your second point, people want to eat healthy but the minute food prices skyrocket they abandon Whole Foods. People want to help the environment but the minute gas hit $4 opposition to offshore drilling dropped like a rock. Once it hits your pocketbook it has a way of changing idealogy right quick.

I could even make an arguement that as we try to move away from petrol and perhaps to electric cars that would in fact increase use of the grid and the solar, wind, coal, and natural gas - and away from crude (in the long term) - unless other methods are used to eventually power our car.

Jegan, it would make sense for China - they have been buying a lot of assets quietly overseas and do a lot of business with not so popular in the West, governments and companies in Africa.

Riker,
Not sure I understand your question.

If hedge funds are liquidating coal and fertilizer...

2008-07-19T14:26:00.000-04:00

If hedge funds are liquidating coal and fertilizer stocks but the long term thesis is still there, what would be your averaging in costs of your top holdings in those names

I'm long $20K on CGMFX... Last week I was 14% high...

2008-07-18T23:01:00.000-04:00

I'm long $20K on CGMFX... Last week I was 14% higher... Oh well.. Heebner's as nimble as anyone can be..He just got blindsided by the commodities selloff - And I'm guessing he was still short financials. Bad combo last week.

I think I'll wait till mid August for coal stocks in particular, and for other commodities. That's a more normal bottom for gas and coal anyway and the Olympics 'pollution' issue will be shutting down.

No-one has mentioned China as an obvious buyer of coal companies, but clearly China is feeling he squeeze and they seem more than eager to run around the world buying commodities. I know they are looking at a couple of OTC iron producers in Australia... And it has been said that SQM is on their list... Kinda wondering about them picking up coal in Australia or the East.

Thx jegan ;-)

Mark.. I guess those people on Yahoo msg. board mu...

2008-07-18T20:45:00.000-04:00

Mark.. I guess those people on Yahoo msg. board must be invested in Ken's fund and loosing money and hence they are venting out and blaming him for that loss(however short term that loss may be) - human nature you see. Anyway, I guess you know it all too well.

I do believe the coal thesis and all but one question I always have in my mind is coal is not clean (greenhouse gases) and these global warming guys are not going to sit on their butts... Although there may not be a QUICK solution to energy in the near future, I wonder what if there comes one, followed by some regulatorry action to ban coal... This is an fictitious scenario (alsmost like what if we get but a big asteroid that caused extinction of dinosaurs) but somehow I wanted to see what you think about any of this at all.

Cheers...

if poor man can stomach it potentially falling for...

2008-07-18T16:59:00.000-04:00

if poor man can stomach it potentially falling for a while as hedge funds run into JCPenney

does that mean an accumulation of KOL is back on p...

2008-07-18T16:39:00.000-04:00

does that mean an accumulation of KOL is back on poor man's agenda

I went to the message board on yahoo and they are ...

2008-07-18T15:48:00.000-04:00

I went to the message board on yahoo and they are ready to lynch Heebner. I hope my readers don't turn into these type of people. Frankly I was aghast at what I read.

They wanted him to somehow exit financials Monday at the bottom, exit all commodities, and then go long financials so they can make money every day. Yep, sounds realistic.

I've been tracking versus him and he was down Wed 2.5% and yesterday 5% - since he is so heavy into steel it appears. So the masses say he has lost touch. Even though he had the best 2007 and best Q1 2008 of anyone. And the best decade?

"What have you done for me lately"

I am HOPING by sharing the thought process even when I am wrong people will be more understanding. Whereas I think people feel in a normal fund when it loses 7.5% in 2 days they have no idea what is going on.

That's the thesis anyhow. When the investors show up in my blog with pitchforks after a bad quarter I'll probably stop my idealism.

CGMFX hits 200 ema yesterday.. Hope bounce from he...

2008-07-18T15:41:00.000-04:00

CGMFX hits 200 ema yesterday.. Hope bounce from here