tag:blogger.com,1999:blog-2335748440449035592.post7369471625942931964..comments2008-07-01T12:48:49.318-04:00Comments on Fund My Mutual Fund: Bookkeeping: Cutting some GeneralsTraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2335748440449035592.post-22756176244698602582008-07-01T12:48:00.000-04:002008-07-01T12:48:00.000-04:00Prices dont need to go up from current levels for ...Prices dont need to go up from current levels for 2009 and 2010 estimates to be vastly incorrect.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-31629707835861164842008-07-01T12:42:00.000-04:002008-07-01T12:42:00.000-04:00Are you just as big of a bull on met coal, at say ...Are you just as big of a bull on met coal, at say a 20% hit? I'm not totally sure if we will get another round of price increases starting this fall. (I think FDG will be one of the earlier ones to report some new contracts) With the cut in iron ore inventory build, I think that makes a bit of a dent in met coal demand. Add in the inflationary problem, and perhaps the next round of contracts is relatively unchanged.Risk Manager Jeffhttp://www.blogger.com/profile/14994763012317049832noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-93194436793489492008-07-01T12:34:00.000-04:002008-07-01T12:34:00.000-04:00Same thesis. Just lower prices preferred. No cha...Same thesis. Just lower prices preferred. No changes to thesis.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-1479155002417957322008-07-01T12:31:00.000-04:002008-07-01T12:31:00.000-04:00Mark, it's an ugly one out there today. And I thi...Mark, it's an ugly one out there today. And I think its worse, when you look at the internals. This is the first time, that the broader market AND the nearly all of the Generals have taken good hits at the same time. I also sold my ATW (down to zero for me), and added some short exposure. So we have new lows, broad market selling, generals getting hit (perhaps not woodshedded yet), and the VIX - still at complacent levels. I think we are both convicted in the Ag thesis, but I was wondering what the runner up thesis was for you? I'm inclined to still go with the deap sea drillers, but I was wondering what your take was.Risk Manager Jeffhttp://www.blogger.com/profile/14994763012317049832noreply@blogger.com