Friday, November 17, 2006
Sector Spotlight: Metals
Today, if you are long the Metals, you are certainly feeling your oats-- with monster gains in X, STLD, and NUE. I like the sector and feel it is cheap.
As for Tech:
I like the action in SNDK and KLAC. However, for the most part, the Techies are taking the day off-- as all of you fuckers are waiting to buy NYMEX. Please.
Finally, I am taking a close look at SWN and CHK. Has anyone noticed, despite fucking tropical-like weather in NYC, natural gas is now trading @ $8.11? I'm thinking of getting out of my lounge chair, putting the pina-colada down, and buying me some SWN (my favorite natural gas stock).
The following Metal stocks have mojo:
NG stocks need hot summers and hurricanes and cold winters. They're almost a bet on the weather.
Thanks in advance for your insights.
The trusts will be a buy, once the law passes.
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