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All Posts Author: Patrick Stevens

CROCS Inc. (CROX)

When a fad fades watch out below! Crocs has had an amazing crash from its high in November of last year to a new 52 week low today of $8.12 a share.

Circuit City, Almost To Zero

Circuit City tumbled to all new lows today, down 21.26% as the market got scared about an upcoming meeting and views that their earnings will be terrible. Goldman Sachs sent shivers through the spines of investors on Monday when they predicted that retailers selling non-essentials would have bad quarters due to the difficult and cash strapped times for consumers.

Trading When Stocks Run and Reverse

Today presented two opportunities to trade around a couple of positions that I have. I still believe strongly in both positions but in one case General Motors (GM) moved too much and in the other case Regions Financial (RF) moved against my position.

No One is Buying Cars

Carmax should have done alright when it reported earnings earlier today as the car dealership sells mainly used cars. The ones that are inexpensive compared to the auto dealers selling the straight from the factory more expensive versions.

Agricultural Chemicals Return to Highs

After a month long sell-off that saw Mosaic Company (MOS), Potash Corporation of Saskatchewan (POT), and Monsanto Company (MON) dip from 4-15%, the agricultural chemical companies have rebounded to new highs within the last two weeks. Monsanto is still close to a new high with Mosaic and Potash striking new highs on Wednesday.

Coal Stocks Show Signs of Going Higher

In a tough tape on Friday Coal related stocks performed above average and look to continue to run with profitable expectations growing. Massey Energy (MEE), Alpha Natural Resources (ANR) and Arch Coal (ACI) all have rising earnings expectations and are at 52 week highs. Just this past Monday, a broker, David Khani from FBR Capital Markets raised his price guidance for coal for next couple of years.

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