JULY 24, 2008 (Dow down 283) - After a day like this we want to find stocks that will benefit from falling gasoline prices, like Disney (DIS) and Tupperware (TUP). Natural gas prices will bottom at $8 mcf.
large ($200b) Chinese oil co should be bought "with abandon" - gets the total cold shoulder in America - has full weight of the Communist govt behind it - usually you can't trust what they report - Warren Buffet bought the stock at lower prices ($2.3b of shares - 10% of co) - the Chinese know how strong their demand for oil is (they are driving it) - have near infinite financing from the govt for acquisitions - could become the world's largest oil co - cheap - 3.5% dividend - hot Chinese market is up 50% - and more money will flow into China - and move stock - will not disappoint
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