Comments on Fund My Mutual Fund: Bookkeeping: Adding to Goldman Sachs (GS) & some S...

Well COAL is crowded but soo darn cheap still.Mark...

2008-07-02T20:37:00.000-04:00

Well COAL is crowded but soo darn cheap still.

Mark did you see why coal stocks are down 20% today. Because steam coal retraced 50% of a move from 170 to 220 in the last week and now pulled back to 200. ;)

That is hilarious.

I don't know why ANR was down, I know you like that one the best. I mean they're hedged for steam coal through 2009 (unfortunately) so price fluctuations don't affect the.

Thanks for the heads up on the correction.
I am readying to buy on the way down well into low 70s.

You think these could correct 50% total??

I think 30% is enough to shake out fools.

jeff, right on. i fully expect shippers like DSX ...

2008-07-02T18:27:00.000-04:00

jeff, right on. i fully expect shippers like DSX to get it handed to them soon.

DRYSHIPS is back to getting taken out daily.

2008-07-02T18:25:00.000-04:00

DRYSHIPS is back to getting taken out daily.

SMN - the same with me. But its the exact opposit...

2008-07-02T15:57:00.000-04:00

SMN - the same with me. But its the exact opposite today. The coal trade REALLY did get crowded.

I think this might murder the dry bulk shippers tomorrow... Its the ags and coal - both shipped that way, that is really hurting the sector. Oil and gas stocks are 'relatively' unphased. Oil is up. But I think that's more risk premium on Iran.

To me its 1260 or bust. Yesterday was a crazy day...

2008-07-02T15:43:00.000-04:00

To me its 1260 or bust. Yesterday was a crazy day and today is turning out a terrible follow up. After a reversal like we had yesterday we should of had a nice day today. Not a good sing. Maybe unemployment rate drops to 4.8% tomorrow? ;) hah.

SMN has pummeled me for weeks so finally doing something - I wish I still had my 4% stake, would of been nice.

Extraordinary moves in coal but these stocks are up 100% in 3 months in some cases - and a lot of "new money" that doesnt know what they are buying is in them. Solar is actually far worse :)

I know. I totally didnt buy the natgas argument. ...

2008-07-02T15:39:00.000-04:00

I know. I totally didnt buy the natgas argument. Natgas is the last man standing.

But today is a mess. I havent seen an isolated sector sell off so hard before, without a broad market panic at the same time. Some of these coal names are off nearly 20%! O_O'

SMN is up 12.5%! I havent been around THAT long, but this is definately a new one for me.

I bought a 7% exposure today (with my existing SMN and DUG hedges). But I've been known to go up to 50% when I'm totally bullish.

I think this is one of those times to pull out the technicals to look for a bottom.

I agreeWhen I am "completely bullish" on a name I'...

2008-07-02T15:01:00.000-04:00

I agree

When I am "completely bullish" on a name I'll be up to 4-7% stake. I don't have anything above 3% at this time. Most is still in the 1.5-2% range. Just scaling the lower we go.

A lot of coal newbies should be panicking right about now ;)

Who new nat gas would be the ultimate survivor - better than coal or fertilizer. Go Cramer.

I agree on the sector by sector rotating bottom. ...

2008-07-02T14:56:00.000-04:00

I agree on the sector by sector rotating bottom. Very much like Nov, the way the VIX is acting.

But in this type of bottom, I dont think we go screaming higher. It's going to be a sector by sector rotation, grinding up too.

I also went with some clf, mee, aci. But I think there is more downside to come.