An Unnatural Occurrence

I just want to say that I am not surprised by the Fed or the subsequent market action. However, I am a bit pertubed over my status with the gods, with regard to my largest equity holding: AREX.

This company was mangled because they had “too much” natural gas exposure, comprising 40% of revenues. So, I got to thinking “Fly, natty is going higher, since the whole country is inside of an iced cube. Go long the company that was punished the most for producing natty.”

Makes sense, no?

Apparently not, as the shares of AREX are now being treated as an oil producer. Sometimes, every so often, the machinations of the market, the inconsistencies, get me so angry I could throw a homeless man down a idle sewer hole.

I’m not buying the dip and will likely hold everything until I am motivated to get back into the markets.