I believe oil is going higher. The demand keeps going up and production doesn't increase enough. Thus, I have a big position in oil. What does this have to do with JOY? Coal is the alternative to oil. The US, for political reasons, rejects this position but not the rest of the world. I think as oil goes higher, so will coal. This will be very beneficial to JOY.
I agree. I already have a position in Cat, but after reading the article from Barrons dated September 5,"Laggards, but not for long", I am buying back into JOY come Monday morning. They are calling for a rebound for industrials but especially for companies such as Caterpillar, Textron, General Electric and Joy Global. By the way, thanks for the post and good luck.