Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (32987)	12/9/2008 1:05:07 AM
From: Spekulatius	Respond to of 78744

CX' rise is probably a result of Obama's infrastructure package. I think those stocks will get back to he ground level sooner than later. Natural resource stocks are scary right now. Mittal reducing steep production by 20%. Chinese companies refusing iron ore shipments already agreed upon (good luck suing in China) and demanding that prices are scaled back to 1994 (!) levels if I read a blip on Bloomberg TV correctly. Maybe another long winter for natural resource stocks - the last one went from 1985 to 2004. I am not convinced at all we are going back to Y2006./2007 prices anytime soon but - these stocks do have nice bounces of their lows if you can catch them. I am sitting pretty defensive right not - 70% in cash in my main portfolio.

To: Paul Senior who wrote (32987)	12/9/2008 1:14:35 PM
From: Jurgis Bekepuris	Respond to of 78744

I have sold some CX yesterday and will sell more if it continues to move up. CX is one of very few companies that I hold that is pretty levered and I don't want to risk a potential default. (Another one is ASFI, but it is way too late to sell it.) I see a lot of bargains in unlevered space that can potentially perform as well or better than CX. SYK is a good defensive play, so I would not sell it if I had it. But I won't buy it here either. No current opinion on HD. I have some cash to deploy now that I sold AIG bond position. Will see if something attractive pops up. I added to WH yesterday.