Blog Post

March was a tremendous month for me and everyone who is long in this market.  While writing this, since March 1st I am up over 40%.  This is a huge number, so far in the first 3 days of April I am up about 12%, the bulls are running.  Currently I have relatively tight stops on my holdings usually at 5%.  I do not want to sell any of my holdings before earnings reports. 

COP, Earnings report comes out around April 14th.  With the price of oil now hovering around 50 a barrel I think this will bring the earnings of Conoco ahead of the expected which should bring me a nice jump in the stock. 

CAT, is doing exactly what I thought it would.  It is returning to the levels that were seen in February and january.  This stock could and should easily jump to the 40's and with some luck -50's-.  The sector that this stock resides is doing exactly what I thought and it is leading the rally into the summer months.

X, I had been absolutely killed in this stock.  It had fallen into the teens and low 20's where I continually bought back and cost averaged my way down to 26.  This much like Caterpillar is a stock that I see as leading the way into the summer months and being a huge play on the Obama stimulus package.  It has already lowered the quarter guidance so for this stock to miss earnings I would be shocked. 

XTO, This is my energy play.  It holds primarily in the Natural Gas side of energy and that is way down.  I have mixed feelings on this stock, I have an idea to get out of this stock soon and possibly get into Nordic American Tankers (NAT). 

WFC, I decided to hop on the financial sector run.  This has been a good gamble for me, I got out of Alcoa which I saw as a shaky company and I was not comfortable holding at this point.  Wells Fargo I see as being a best of bread financial and with the changes in mark to market I see WFC coming out and killing the quarterly earnings report.

Hopefully April will be as good as March but I know that it can't be.  Selling XTO and buying NAT is my only real thoughts of selling, I may possibly pick up some Alcoa if it slips down into the 5 dollar range, possibly 6.  Good luck, and happy earnings season.