Final Segment #1:
'Mad Mail'
Monday, February 9, 2009


Jim:
     See all Mad Mail questions, and Jim's comments below...

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Continued below...     

 

Market Results today:

Dow - 9

Nasdaq - 0

S&P 500:  + 1

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Monday, October 22, 2008
(Cont'd from above)...

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Jim (cont'd):

 

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Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

PBCT

17.70

Mad Mail question:

People's United Financial Inc. (PBCT)

Q:    Booyah skee daddy!...   No one is talking about People’s United! The company seems to be well positioned compared to many other banks, and is among those banks that DID NOT take any TARP money. It’s currently smack in the middle of the 52-week high/low range, but the dividend payout is more than its EPS. Should that be a concern or should I be buying into PBCT at these levels?
    - Kane

Jim:    I am recommending no banks… I am recommending no banks because every since I told people to sell
Hudson City Bancorp (HCBK) when it was much higher… I have watched even the best banks go down… I know better than to get in front of a snow plow.

AA

8.50

Mad Mail question:

Alcoa, Inc. (AA)

Q:    I have a question with regard to what you said about the Chinese market the other day. You said the demand for iron ore, copper and steel in China is starting to appear. What about aluminum? Is there a play that could benefit off China’s growth and our proposed stimulus plan?
    - Dave

Jim:    You are spot on… it is true… aluminum is starting to move up… that is a very good call.. I think that
Alcoa, Inc. (AA) at $8 could have $2 to the upside… I would buy Alcoa… I did earlier say that today… I didn’t know this question was coming… in RealMoney.com, which is the paid site of TheStreet.com… though no one seemed to care when I wrote it.

na

na

Mad Mail question:

General Question...


Q:    Could you update us on the status of the uptick rule? Now that Chris Cox is no longer at the SEC, will the Bulls have a level playing field with the Bears? I hope the rule is reinstated, or the thumb suckers on Wall Street will continue to destroy the wealth of American investors. Thank you and keep up the good work.
    - Scott

Jim:    Scott, I am putting together a special on what Mary Shapiro, the new SEC chairwoman should do… and that would be exhibit A of what she must do.. but I will be very candid with you… she does not strike me as someone who is willing to break with tradition… she strikes me as someone who is a little bit high bound… so it is going to take some prodding before we think we win her over to our position.

MRO

27.96

Mad Mail question:

Marathon Oil Corp. (MRO)

Q:    How is it that oil prices are dropping or staying the same, but gas prices are going up? Supply is up and demand is down shouldn’t that force gas prices down?
    - Michael

Jim:    Michael, this is what is known as the crack spread…you are absolutely right… sometimes it lacks… sometimes it depends on what crude is priced at… that is where we import a lot oil… anyway, to make a long story short.. you want to buy
Marathon Oil Corp. (MRO) or Valero Energy Corp. (VLO)… because those are the guys that are scalping that little bit of money…now just to be clear… I typically do not… I do not like the refiners… which is why I mention Marathon… cause that also has exploration and production… but, the refining market it way too big because I paid $2.05 this weekend… and oil is back to where it was several years ago… you got a good idea… I am going with it Michael.

VLO

24.47

Mad Mail question:

Valero Energy Corp. (VLO)

See MRO comments above for:
VLO

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[verbatim recap]

[end of segment]


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