TN
If Ken Heebner gets out then it's time to run
Marjorie

Nymph take a look at the news reports at the link below and tell me what you
think. I'd like your opinion along with anyone else..

http://www.globalcoal.com/news/coalnews.cfm

Jon

Nothing has changed in terms of supply and demand for these commodities, yet. I
suspect the "common knowledge" of the week for the market is that there will be
a worldwide slowdown, thus commodities are dead.

I don't buy that China's appetite for raw materials will be done after the
Olympics. They are closing factories and limiting autos for the next few months
due to air quality for the Olympics. We will probably see stories of huge
"demand destruction" in China, when in reality it is a government imposed
restriction.

The Chinese government has to keep their economy growing and to rebuild the
earthquake areas or face social unrest. Commies don't like social unrest. The
biggest reason I don't believe that the commodities are done is that one
wouldn't agree to 95% price increases (iron ore) if you won't need the
commodity. Analysts are UPGRADING earnings for coal and metals miners while they
are being sold off.

Let the market destroy these names as they did in August, January, March and
today. Buy little bits in pieces along the way and enjoy the profits when the
market once again realizes these are the only companies with growing earnings
and pricing power.

As far a options, I would look for some October or December slightly out of the
money calls in your favorite miner but wait a couple of weeks to see how far
they fall.

yep have plenty of Jan 09 calls been buying the last two weeks avg down

Nymph~I wrote you long a long and intensive note and it disappeared! Why do my
posts go missing??? Anyhoos, to make it short Hugh Hendry, CIO and Partner at
Electica, says that Potash is a strong buy. He says "the only offputting thing
about the stock is that it has raised its price 50X in the last 5 years." He
said "don't be put off by that."
Good luck.
Kathy in NJ

Okay, Nymph, I watched it again and took some notes this time. The guy's name
is Hugh Hendry, CIO

Hey Nymph~
My neighbor gave me a CNBC Europe tape to listen to, and the guy on it was
really, really pushing POT as the THE stock. Admittedly, the market probably
has some more to fall most likely but this is a good one. I am going to listen
to the tape again (I hope) and will try to learn more.
Kathy in NJ

Hi Nymph, I have averaged in on Aug. 230 Calls on POT. Once I clear out will
probably start another position into late '08 or early '09.

Agree with your thesis. As long as the overall market works against us though,
any trading will be difficult at best...