Comments on Fund My Mutual Fund: Bookkeeping: Selling Some Massey Energy (MEE) Into...

Excellent perspective Mark.I'll be looking around ...

2008-08-01T17:12:00.000-04:00

Excellent perspective Mark.

I'll be looking around the beach next week to see if I can find where the money is hiding :)

In the meantime, good luck!

Mike - I understand that, But where is money GOIN...

2008-08-01T16:33:00.000-04:00

Mike - I understand that, But where is money GOING then. If you tell me the US I tell you - thats a failure waiting to happen as the economy recoils.

Restaurants? Homebuilders? Retail? What can you buy?

All the US industrials are thriving due to weak dollar and exports

Tech? Have you seen the results being put out there? Most are awful. Charts are terrible for leaders like Apple Google

I dont have a problem changing themes. But I need a new theme. I don't see anything workout outside of small and mid cap healthcare where many of these grow 12-13% and now have a PE of 25+. Just because thats where people are hiding.

So all these trillions are going to hide in the same 80 small and mid cap healthcare? Or financials? And call it a day for the next 12 months?

Seems incredulous to me.

Mark, Agreed.Although, if the market continue to s...

2008-08-01T16:12:00.000-04:00

Mark,

Agreed.

Although, if the market continue to sell off the coal/ferts in the coming weeks/month(s), it could setup for nice buys going into the next round of earnings, assuming the fundamentals stay intact.

But for now, I think the majority of investors are extremely uncertain as to what the "real" bull markets are for the upcoming weeks/months.

Will dropping U.S. consumption fuel a slowdown in China? Will that slowdown spill over to coal/fert pricing power? I imagine those are questions that many investors are PROBABLY asking and will continue to ask as the quarter continue.

Just amazing to watch this stock lose almost all t...

2008-08-01T16:01:00.000-04:00

Just amazing to watch this stock lose almost all the gains as they day wears on.

Fundamentals are truly useless right now.

Its not really about who ships to China. BTU has A...

2008-08-01T14:14:00.000-04:00

Its not really about who ships to China. BTU has Australian operations so will be direct beneficiery

You have to think of everything as connected

As China pulls in demand from say Australia, that leaves less for Europe, so Europe needs to pull in more from somewhere and they go to Eastern US

So its all connected - everyone benefits.

Mark, China faces power shortages. The government ...

2008-08-01T14:12:00.000-04:00

Mark,

China faces power shortages. The government has asked coal producers to increase deliveries to power stations to help ease a sixth year of electricity shortages ... Which company will ship coal to china? Any best guess?

I tell you what, I'm much more comfortable buying ...

2008-08-01T13:32:00.000-04:00

I tell you what, I'm much more comfortable buying and holding a swing trade versus daytrading. But this market is ridiculous. Same reason you sold MEE today. We're playing in chop right now.

BD

I'm not having luck buying and holding much of any...

2008-08-01T13:09:00.000-04:00

I'm not having luck buying and holding much of anything. Nat gas is popping today but whats to say they wont give it all back Monday? Look at the charts the past week or two. They are range bound at best.

Until they begin to put together a string of success it is just a useful group for those who daytrade within a range (such as Bluedog) :)

Mark,What do you think of the nat gas plays now - ...

2008-08-01T12:53:00.000-04:00

Mark,
What do you think of the nat gas plays now - XTO, CHK? It looks like nat gas is stabalizing around $9; high volume in XTO recently on the 10 year scale; support is at $45. XTO is on an acquisition spree (now is a good time to buy, IMO) which is diluting shares, but I think it makes strategic sense. I'm also looking at VLO and FTO now. VLO purchased shares in Feb 08, which is a good sign. Buy on the cheap, increase s-holder value.

Cheers,
BD

Mark,After a few days of struggling with the idea ...

2008-08-01T11:50:00.000-04:00

Mark,

After a few days of struggling with the idea that the market is capable of punishing excellent fundamentals..I realize I am powerless to stop it. Now, I am decidedly bearish on energy/ferts until I see otherwise.

It appears the global slowdown story has legs. As long as that thesis is intact, we gotta expect commodity prices to pullback and that will take all coal and fertilizers with it.

I guess the real question is..whats the catalyst to spark new buyers in the coming months if global slowdown is going to be the story of the day?