The Random Nature of James River Coal

Sur le même thème que "The Random Nature of James River Coal"

Cutting Position in James River Coal, Assuming Failure at Resistance

Trader Mark submits: As I've been stating the past few weeks I'm bullish on commodities now that they are so hated. What I don't know is if the hedge funds are done liquidating. No one does. The other question as of last week is will the printing presses of America finally hit the dollar and cause people to roll back into hard commodities. Logic would dicate so, but logic has been lacking for a long time. Just about every commodity chart looks identical - as we've discussed countless times. Frankly they look like bank stocks over the past 12 months.... broken down and beaten. Those banks stocks, however, have made large runs from time to time. But the question is will the commodities act like bank stocks did in the winter and spring (huge rallies that ended once resistance was hit?) or as they did more recently when some (mainly regional banks) broke through resistance and made nice runs . [lien] [EN]

Reducing Coal Position As Hedge Funds Punish the Sector

Trader Mark submits: This is the 2nd/3rd of 4 coal stocks we are exiting, for reasons I outlined last week in the sale of Alpha Natural Resources (ANR). There is no reason to hold 4 names, when quant hedge funds who pile in and out of these stocks on 'sector' moves see no difference between each business. Arch Coal (ACI) = Peabody Energy (BTU) = Massey Energy (MEE) = insert any coal name or in fact any commodity name. So to keep life simple we are reducing positions and due to the fact this is a traders market and not an investors market we are simply going to use James River Coal for our "coal" stock, or in reality our natural gas/iron ore/oil/corn/coffee/steel stock. It's all the same to the hedgies.Complete Story » [lien] [EN]

Nature's Way in Napa

Happy Bastille Day from the Napa Valley. I'm out here tasting some very good wines, though they are probably not what comes to mind when you think of Napa Valley wines. I've also just spent the day with one of the most unusual winemakers in California. Sorry to be so mysterious, but it's material for future columns in the newspaper, and I don't want to begin discussing these subjects before I write the columns. I think I arrived here at just the right time. Last week the temperature hit 103 in Napa – today it was merely in the 90's. Also, the wildfires that have been ravaging much of California seem to be under control – in northern California at least. Last week a smoky haze hung over Napa and Sonoma. Now, the sky seems clear. Still, the seemingly random nature of these fires can be pretty scary and destructive. [lien] [EN]

Le maquillage bio à l’honneur sur Escale Nature !

Le maquillage bio a l’honneur sur Escale Nature ! mar.27, 2008 in Bons plans [lien] [EN]

Alpha Natural Resources' Solid Results Just the Beginning of a Coal Boom

Trader Mark submits: As I keep saying, metallurgical coal is about where fertilizer was 15 months ago - we have a long wave of earnings estimates upwards coming in the year + ahead, with the biggest pushes up in earnings coming in about a year. Alpha Natural Resources (ANR) is up about 7% premarket as I check off a fabulous earnings report.... just getting started in a long and winding road up over the next year, I believe. I wrote a piece on fertilizer in October 2007 about just how wrong these analysts (who are supposed to be industry experts and just follow one sector) were... when a no name like me could see the coming earnings explosion [Oct 23: Analysts Still Doubting the Fertilizer Stocks] - since then estimates for many of these companies have gone up 2-3x in the out years. [lien] [EN]

Alpha Natural Resources: My Favorite Coal Name

Trader Mark submits: I'm like a broken record here - Alpha Natural Resources (ANR) with blow out earnings. However, hedge funds urge you to buy health care stocks with 7% growth so please sell these immediately and run to those. Thank you for your time. US Steel (X) is also absolutely incredible on the earnings front this morning. Just a quick bookkeeping note - I am selling some ANR into this spike @ $97 range simply because this market is putrid and hedge funds don't want coal or fertilizer. This is my favorite coal name and one day it should be back to a major stake in the fund - but until money flow returns to the sector I am selling spikes - down to a 1.9% stake. I have been tickled to death with the earnings reports from our portfolio thus far - our stocks are absolutely destroying estimates. [lien] [EN]

Positivity: What If Christmas Never Happened? D. James Kennedy’s Classic Essay

This post is a BizzyBlog Christmas Tradition. Merry Christmas and Happy Holidays to all! ++++++++++++++++++++++++++++++++ What If Christmas Never Happened? by D. James Kennedy “I want to live again! I want to live again!” George Bailey cried as he stood on a snow-covered iron bridge, the dark swirling river below. With help from Angel Second Class Clarence Oddbody, George had just discovered, to his horror, what life would be like had he never been born. Anyone who has watched the Christmas film classic It’s a Wonderful Life knows Bedford Falls had become Pottersville. Its main street a red-light district with loud music and garish, flesh-peddling neon signs — a transformation from Currier and Ives to Sodom and Gomorrah. All because George had never been born. One person can make an enormous difference in the lives of others—in a community or an entire culture. [lien] [EN]

TNT NBA Notes December 27: LeBron James And The Cavs Win A Big Game On Road

TNT NBA Notes December 27: LeBron James And The Cavs Win A Big Game On Road Chuck better get ready for that long walk in a speedo! Sick last night and the better part of today. Thank God my sis is in the medical field. Thanks Sis. TBR, why you call me out on Webb? With stomach pains, it wasn’t a good time to laugh bruh. Notes from last night. Enjoy. Cavaliers forward LeBron James response to critics predicting that the Cavaliers won’t make the playoffs this season: “People have their opinions and (the Cavaliers) have to keep proving people wrong and at the same time, we have to go out as professional athletes and continue to get better. We don’t come into the season at this point talking about making the playoffs; we want to win the Championship. Right now, we’re not at a level to win a Championship. [lien] [EN]

284 - London’s Lost Rivers

The easiest pub quiz question in the world: name a river that flows through London. Answer: the Thames. A somewhat more difficult question: name another river that flows through London. A few might know of the river Lee (or Lea) that springs near Leagrave in Bedfordshire and joins the Thames at Leamouth in the London borough of Tower Hamlets. But how about: name a third river that flows through London? And a fourth, a fifth, a sixth? We'd lose all but the more phenomenal pub quiz contestants here, even though there are in actual fact over a dozen natural water courses flowing through Britain's capital. Many of them played important role in the development of the city, as the location of mills, the source of drinking water and as open sewers. Most of them have been pushed totally underground. [lien] [EN]

TNT Notes November 20: Kobe Bryant vs. LeBron James; Allen Iverson and Carmello Anthony Go Off

TNT Notes November 20: Kobe Bryant vs. LeBron James; Allen Iverson and Carmello Anthony Go Off Where’s Magic, Chuck, Kenny and Ernie? Magic Johnson on Miami Heat center Alonzo Mourning’s knee injury that he suffered Wednesday night against the Atlanta Hawks: “Alonzo (Mourning) has meant so much to the game of basketball, both on the court and off. Off the court he’s done more than anybody in the city of Miami, he is a guy who is relentless with what he wants to do for children in Miami. (On Wednesday night) I told him, ‘Now you start your life after basketball, continue on the path of giving back and you can start being a business man. This (injury) just sped up the process.’” Barkley on Heat center Alonzo Mourning’s charity efforts: “Alonzo Mourning is a great player and a great guy. [lien] [EN]

Coal’s still cheaper

When solar beats 6 cents per kilowatt hour, Americans will buy it. David Roberts at the Gristmill blog is all excited by a report that it may cost less per watt/hour to build a solar energy plant than a new coal plant. His overreaction is called “Solar cheaper than coal and falling: New developments in solar power make ‘clean coal’ look even dumber.” Whoa, whoa, whoa. Not hardly. He’s a little bit confused by capital costs and operational costs and over how clean solar power is. He is happy that new technology makes it possible to build solar for $2 per watt/hour produced vs. $2.10 for a new coal plant. Great. But he overlooks the part in the stories he cites that say solar will have to cost $1 per watt/hour produced to beat coal. Why is that? According to the reports he cites. [lien] [EN]

Ban nature

AP “discovers” that man is not alone in destroying the world! Has the Associated Press joined the Global Warming Deniers while I was not looking? A new story by the AP raises the possiblity that SUV drivers are not the sole reason that polar bears are drowning. Reported AP: WASHINGTON (AP) — There’s more to the recent dramatic and alarming thawing of the Arctic region than can be explained by man-made global warming alone, a new study found. Nature is pushing the Arctic to the edge, too. There’s a natural cause that may account for much of the Arctic warming, which has melted sea ice, ice sheets and glaciers, according to a study published Thursday in the journal Nature. New research points a finger at a natural and cyclical increase in the amount of energy in the atmosphere that moves from south to north around the Arctic Circle. [lien] [EN]

Chris Webber and Don Nelson Reunion? Tiger Dominates Buick; Roger Clemens Goes Damage Control; LeBron James Sends Kobe and the Lakers On A Slide

Chris Webber and Don Nelson Reunion? Tiger Dominates Buick; Roger Clemens Goes Damage Control; LeBron James Sends Kobe and the Lakers On ASlide Calm yourself Michelle. Be EZ. Coming out of Michigan in ‘93 it seemed Chris was headed for the same success he’d had in college. The second sophomore drafted first overall (Magic), was in a position early to contend for a championship with the passionate Warriors. Remember how Spreewell was dunking on everyone? GS was amassing multiple 50 win seasons with the likes of Spreewell, Chris Mullin, multi-talented Billy Owens and current Mavs coach Avery Johnson. They were a dynamic bunch who stuffed the stat sheet with all around contributions from almost the entire roster. Webber put up 17 and 9 on his way to winning Rookie of the Year, but he often clashed with Nelson over defining his game. [lien] [EN]

252 - A River Runs Through It: the Chamizal Dispute (1895-1963)

Ever since the Mexican-American War (1845-49), the Rio Grande has been the border between the two nations from El Paso to the Gulf, giving Texas a natural southern boundary. Fixing the border on a river might seem a tidy solution. But while rivers last longer than most treaties, they are also bound by none. When a river shifts, it shifts, treaty or no. Does the border then trace the old riverbed or the new one? Naturally, both parties would prefer the outcome that left them the most territory (and the other the least). A war, anyone? International law has a rule for this particular clash between fluctuation and demarcation: if the river changes course gradually, through erosion, the border follows. If the river radically changes course, through avulsion. [lien] [EN]