COMMENT
Market Neutral Investing is a strategy that attempts to take out the market risk from securities selection. Isolating Alpha and taking out Beta. You are decreasing volatility. Market is pricing in a ‘V’ shaped recovery. Market will have a lift the early part of next year.
DON'T BUY
Not a fan of double ETFs. Stick with a single ETF, be it gas or oil. We have not seen the bottom. These ETFs are day trades or 2 days at the most because of the rebalancing at end of day and erosion to price.
WAIT
If we get a downward trend next month it would be an interesting play.
DON'T BUY
It’s a bunch of ‘B’ assets and you continue to see that in it’s performance. Most leveraged intermediate stock to the price of gold. Fundamentally it is ok. He’s not bullish on gold. Bullish signal would be 400 tons bought by China and/or more demand.
BUY
Very well financed and he likes the chart.
BUY
They have had disappointments in a couple of their explorations. Raise lots of money in 08 and starting to spend that money in Iraq and Indonesia. Won’t know for 12 months if any of those initiatives are worthwhile. Too early to judge. He likes it. Would be along term holder.
COMMENT
We will see a range-bound market for the next 2 years. More downside risk at present than upside potential.
DON'T BUY
An unhedged Canadian Gas company. He is short on the stock, but hasn’t made a lot of money because 21% investor is a big bull on this company.
DON'T BUY
Great asset/lousy stock. Glencore in Switzerland has taken control and shareholders will never see the return they anticipated.
BUY
Great company. Believes there is upside and lots of growth in the asset.
DON'T BUY
FAS/FAZ pairing. Doesn’t recommend.
DON'T BUY
FAS/FAZ pairing. Doesn’t recommend.
DON'T BUY
Hurt by decline in power pricing. Would not short of buy, but dividend is safe.
DON'T BUY
Healthiest, medium term metal is copper. Nickel can’t sustain above $9-10. Pretty fully priced. China’s ability to make pig-iron nickel will keep the price of nickel low.
STRONG BUY
Some interesting drilling prospects. Far too cheap to not be owned. Trigger to sell is when they get drilling success. If they keep delivering on a quarterly basis, then valuations should tend toward peer group average.