Tuesday, July 7, 2009


Had I followed the old adage above, I'd have more money in my pocket. But, no, I ventured into two commodity stocks that looked promising even though commodities had been on a tear. Cosan [CZZ] is a Brazilian sugar and ethanol manufacturer. It's the world's largest producer of both and was selling for a reasonable valuation. India just relaxed sugar imports and the US eased ethanol imports as well. UNG is an ETF for natural gas and even though gas was in over supply, rig count was way down and the price had more upside thandownside, in my opinion.

Wrong in both cases. I should have waited for the end of Summer. Instead I BOUGHT IN JUNE LIKE A BIG BUFFOON.

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