Peabody Energy (BTU) Stellar Results - Who Cares

First, wow what a day. I feel like I suddenly own a fleet of financials for the past year. Very strange past 2 months - in June while the market was demolished we held up fine, and now the exact opposite is happening in July. I guess reversion to the mean still holds. I am checking the results over at CGM Focus (CGMFX) every day to see how Ken Heebner is handling this and he was down 5% yesterday alone and over 9% the past week; 14% for the month. This is the "risk" part of risk/reward of running concentrated portfolios. We're outperforming those results the past month, but that is not much consolation as we watch the past year's gains boil away. I'll have to double check our holdings for subprime exposure tonight (no wait, that would be a "good thing" to have the past few weeks) - in the meantime we are back to over $200K in cash as I check for missing lim...