Open Question
Commodity/oil stocks heating up....if oil trades over $55, we could get some
nice action here. Nat Gas actually getting a bid as well. These are all ready
to fly, IMO.
Long. RIO/PBR/FLS/MDR/CBI/JOYG/BUCY...plus some small caps.
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Oil/Gas based commodities I would hold but I agree sometime this month I think
it would be very wise to book profits in the industrial metals sector especially
after the tremendous run in most of the stocks. Industrial metals stocks tend to
top out seasonally in May because that is when China has traditionally taken a
breather on stockpiling metals.
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agreed
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Yo DB...I trimmed some of these today, and I'm at about 55% cash.....but the way
they traded today I would get really long if oil trades higher. Big treasury
auctions coming up, weaker dollar plays into the whole commodity rally. Also,
the Chinese small caps are ramping. Gotta love it. Dean
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Hey Dean ... that's a helluva poker hand you're holding ... you like taking a
little risk, eh? If the com/oil play works, you'll look like a genius! And bring
home plenty of $$$ too. DB
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