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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (31011)	5/30/2008 3:26:51 AM
From: jayt	Read Replies (1) of 78748

Thank you so very much for the kind words Paul Senior! I'm just honored to be able to throw my two cents in on some things via a high quality thread such as the Value Investing board....and of course my other source of quality info the Crossy thread. CLR was one of those situations where it was in the high 20's low 30's and kept popping up on IBD's stocks on the move screen. It's funny b/c usually the ones with 3 handles end up with 5 handles before folks catch on. And this was just the case as Cramer had a segment on one of his screw-ups and it was CLR. The screw up? Not recommending it. He's an IBD subscriber and he saw it day in and day out, but he balked on it because he knows the momentum type that uses IBD and I guess he truly doesn't want to burn his viewers. He went on to highlight the Bakken portion of this one and the rest is history. My question for you and those here looking at this situation is this: Who makes the frac sleeves used in the horizontal drilling? Would seem to me that it would be some small service company that was overlooked. Perhaps not. Don't know enough to comment. I guess I need to call CLR to see where they get there frac sleeves from. Got into a conversation with the owner of some private ag equipment manufacturer (Klusmeier) on the docks in Palm Beach. He was tipsy so I didn't get to pick his brain on the sector very much, but he sure as hell asked me a million questions. When I told him about the move in little Art's Way he said "what do you know of ARTW?" He proceded to tell me about their one big holder (which I know about)...and then he asked me "do you know why it ran like that?" To which I said, "yes. the quants piled into it because it was the laggard that hadn't run yet in a hot sector." He blinked and said, "yes you are right (in a southern croatian accent.)" He said to sell it...for what that's worth....i guess we'll see another huge candle down at some point....it does look like it's topped out. Volume is paper thin on that one. After that all he wanted to talk about was wind. Cramer did a wind show the other day which was the day after my conversation with this guy about it. Good timing I guess. All the big money is talking about and doing the wind investment. One of my favorite Jeff Gendell holdings was TWRT.ob....now BWEN.ob......but it has run substantially. However, to hear Cramer talk as soon as they uplist to the nasdaq it could double again. My other Gendell play that was not mentioned by Cramer in his "wind-ex" is Miscor MIGL.ob ( a service company for scrap,rail,and now wind.) It did a 1 for 20 reverse split months back and finally is moving with furry. Just checked the settlement as I'm typing this and it was up almost 10% today. So the mention of BWEN.ob by Cramer probably got folks digging in on Gendell's holdings seeing as he owns a boat load of TRN as well. Anyway, curious to hear your thoughts on and some holdings of yours in this sector. Best Regards - JT When I originally wrote about the solar sector and ag sectors over at Crossy's they gave me the same gut feeling wind is giving me now. The chatter is starting to get very loud about it now and while it makes me feel that it's getting toppy......it's probably just getting ready to go parabolic.

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