http://stockmarketbeat.com/blog1/2006/06/26/commodity-boom-to-continue/ Our beat: The stock market. Our job: Beat it. Tue, 06 Jan 2009 08:01:05 +0000 http://wordpress.org/?v=2.2.1 http://stockmarketbeat.com/blog1/2006/06/26/commodity-boom-to-continue/#comment-5970 Stock Market Beat » Blog Archive » The Hunter (Phelps Dodge) Becomes the Hunted Mon, 20 Nov 2006 16:08:30 +0000 http://stockmarketbeat.com/blog1/2006/06/26/commodity-boom-to-continue/#comment-5970 [...] There are several theories as to the meaning of the wave of mergers in basic materials, particularly metals. Some believe the deals are a signal of a market top, while we believe they signal a belief on the part of management teams that metals prices will remain high. For our part, we think the top will be signaled when the buyers are financial buyers rather than industry buyers. The author may hold a position in the securities discussed. The author's current holdings are as follows: Long: Intuit (INTU) put options; Nasdaq 100 (QQQQ) put options; Bookham (BKHM; Ballard Power (BLDP); Syntax Brillian (BRLC); CMGI (CMGI); Genentech (DNA); Ion Media Networks (ION); Lion's Gate (LGF); Three Five Systems (TFS); Adobe Systems (ADBE) call options; Ceradyne (CRDN); IShares Japan (EWJ); StreetTracks Gold (GLD); Starbucks (SBUX); U.S. Oil Fund (USO); Plantronics (PLT) call options; Short: Lion's Gate (LGF) call options; Dell (DELL) put options; Ceradyne (CRDN) call options; Plantronics (PLT) put options; [...] […] There are several theories as to the meaning of the wave of mergers in basic materials, particularly metals. Some believe the deals are a signal of a market top, while we believe they signal a belief on the part of management teams that metals prices will remain high. For our part, we think the top will be signaled when the buyers are financial buyers rather than industry buyers. The author may hold a position in the securities discussed. The author’s current holdings are as follows: Long: Intuit (INTU) put options; Nasdaq 100 (QQQQ) put options; Bookham (BKHM; Ballard Power (BLDP); Syntax Brillian (BRLC); CMGI (CMGI); Genentech (DNA - Annual Report; Ion Media Networks (ION); Lion’s Gate (LGF); Three Five Systems (TFS); Adobe Systems (ADBE) call options; Ceradyne (CRDN); IShares Japan (EWJ); StreetTracks Gold (GLD); Starbucks (SBUX); U.S. Oil Fund (USO); Plantronics (PLT) call options; Short: Lion’s Gate (LGF) call options; Dell (DELL) put options; Ceradyne (CRDN) call options; Plantronics (PLT) put options; […]

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