Journaling Your Way Inside Your Prospects’ Heads

I love this idea from Rich Schefren If you never stop and think about that, if you never dig deep into your own psyche to figure that out, then you never get to the nitty-gritty of what drives you to buy things. And if you can’t figure out YOU – someone you should know better than anyone – you’re going to have a helluva time figuring out what’s going on inside your prospects’ minds. That’s where keeping a journal comes in real handy.

Questions to consider

"Who am I?" "Who do I want to be?" And "What's the spread between the two?" "Are You Willing To Risk Everything That You Have To Get Everything That You Want?" It's a pretty straightforward question. But it's a tough question to answer honestly. Because while we may think we are, the more likely reality is we're not willing to risk what we already have, even if it's necessary, to get those things that we really want. That question falls under sort of an umbrella question and that is... "Is There Life Before Death?" Everyone thinks about the question, "is there life after death?" That's not what I'm asking. I'm asking is there life before death? What do I mean? Simple. In any area of your life where you settle, you stop growing.

Gas Investments

Heard Bill Powers on FSN interview, and he made a strong case for natural gas. Then read his article that used analysis from Stephen Brown and Mine Yucel, two researchers at the Federal Reserve Bank of Dallas.

Their analysis, in sum, states that gas prices have maintained a 10 to 1 historical average. And should trade at a 6 to 1 average given that oil has 6x as much energy.

Some gas plays include, United States Natural Gas Fund (UNG trading at $11)

Hydraulic fracturing services are in huge demand.
GMX Resources (NYSE:GMXR)
Comstock Resources (NYSE:CRK)
Halliburton (NYSE:HAL)
Weatherford International (NYSE:WFT)

A word of caution from Kramer:

Down on Natural Gas
In the Thursday "Sell Block" segment, Cramer did an official about-face on the natural gas stocks, which he has championed as a bridge fuel towards an energy independent future.

With nuclear power on the sidelines after the Japanese earthquake, many investors feel that natural gas is the logical choice to fill the gap. But Cramer noted that while coal is priced internationally, natural gas is priced locally, and without liquified natural gas (LNG) terminals to export the stuff, our natural gas is stuck right here at home.

Cramer said he's still bullish on Southwestern Energy (SWN), a stock which he owns for his charitable trust, Action Alerts PLUS, and Chesapeake Energy (CHK), which is transitioning away from gas and into oil, but all others are sadly only investable as a takeover.

Cramer said he'd be more bullish if the natural gas subsidy for trucks ever passes Congress, but that seems unlikely in lieu of new EPA regulations for coal which does not force polluting plant to shut down.

Cramer also reminded viewers that the U.S. Natural Gas Fund (UNG) is not investable under any circumstance, as the fund does not own gas itself, but rather futures contracts that don't work as investors think they do.

Also on the sell block was Chart Industries (GTLS), a stock that's up 28% in six weeks since Cramer recommended it. Cramer called Chart a "known story" and said the time to sell is now.

Perhaps the only silver lining in the natural gas story was KBR (KBR), which is building LNG terminals for import and export. But Cramer said even this company wouldn't see any big gains from natural gas for a long time.

Reading List

Call to Action
Waiting for Your Cat To Bark

recommended by author of the Google Analytics book I'm reading now.

Bert Dohmen is Bearish

Bert Dohmen was on financial sense last week and made a pretty good argument for a big correction. Here is some copy from his web site.

OUR CURRENT VIEW, by Bert Dohmen (March-1-2011):

The weight of the evidence suggests that a rally top has been made for the near term. As active traders and investors, we would not go bargain hunting too early. If the 1295 level on the S&P 500 holds, there could be another bounce. If it’s penetrated on a closing basis, watch out below.

For a good bottom, you must see real concern amongst investors, followed by genuine fear. That will take some time to develop. We will keep our valued subscribers to the trading services (SMARTE TRADE for stocks, and the FEARLESS INDEX & ETF TRADER for ETFs) informed on virtually a daily basis. There will be excellent trading opportunities, both long and short.

THE SHORT TERM : Excerpt from the WELLINGTON LETTER Feb.28 issue

On Feb. 23, we wrote: The character of the market has now changed to the bearish side: rallies on low volume, followed by declines on high volume. The consensus of analysts in the media is that this is a bargain hunting opportunity. Yes, we should have a bounce, but it may be brief and weak. That will be followed by a steeper decline. We don’t want to go looking for bargains.

Remember, in October last year we wrote about “a change in the character of the market.” We noted that stocks rallied even on the worst news. That gave a tipoff to the upcoming market rally. Now we are starting to see the first signs of a change to the opposite. But such transitions don’t occur from one day to the next.

Desalination Companies

One interesting one..CWCO

Northern Oil and Gas - NOG

BHI is also recommended by Ken Shrievs