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

To: Spekulatius who wrote (48222)	6/2/2012 3:25:50 PM
From: Ditchdigger	Respond to of 78748

At least we are coming into divy reinvestment season during this correction. I much prefer the lower market for the next few weeks. Aren't the Chinese adding to their strategic oil reserve capacity? I don't see oil prices down in the low 80's for to much of an extended period. Maybe it's wishful thinking on my part, as I am always overweight energy in various forms. The more I have to pay for diesel, the better shape my portfolios are in. edit "The International Energy Agency said in its February report up to 79 million barrels of new storage could be available in 2012 in China, which would imply an extra 220,000 bpd of crude demand, should China decide to fill the reserve steadily during the year." business.financialpost.com "India is now planning to build strategic petroleum reserves of nearly 18 million tons, or 132 million barrels by 2020, expanding on a 5.33 million ton stockpile whose storage tanks are now under construction, Oil Secretary G.C." online.wsj.com ditch

To: Spekulatius who wrote (48222)	7/9/2012 11:43:35 PM
From: Spekulatius	2 Recommendations Read Replies (1) \| Respond to of 78748

re CLF - "Is there a value opportunity here?" Credit Suisse, which is available to Etrade customers has a pretty extensive report (dated 5/14 not the newest one). in a nutshell, they don't like CLF too much and don't think it is undervalued. They value the iron ore plays based on a future curve that assumes lower ore prices of around 90$/ton going forward. In their scenario, CLF does not look good, mostly because their pipeline of new projects is higher cost, which does not generate a high enough profit at 90$/ton. BHP and Rio as well as an Canadian ore play are preferred: etrade.wallst.com The report brings up some good points (mostly around their pipeline of new projects), regarding CLF that I had not considered when i purchased my shares. I think it was a serious mistake to establish a full position (that I have mostly sold out of at a loss) but not ready information that was freely available to me. Same mistake than with XLS, where I acted to late on the pension issue and it cost me some. Note to myself - gather more information, even before establishing a starter position and do more digging each time additional shares are purchased.