If you had been loading up on the energy sector the last few days like I had suggested you’d be up nicely right now. Some of my alerts are up as much as 10 points range wise in the last few days!!

I started building a position on CLF last week and will continue to add to it over the next few days. MOS is also trading in a wide range and looks like it could see upside as the market slowly comes back.

The stock I’m currently holding are good day trades but the real money will be holding them for 10-20 points. This is where the real money will be made.

Here are some penny stocks I’m watching too:

TMA – Made a monster gain today and could follow through.
VCSY – This one is moving up with no real news from the company.

Statistics show that the markets rally 30% within 40 days after a bear market. Considering we just had the worst and fastest drop in history I expect a decent rebound is going to happen.

If you had picked up any of my picks in the last posting, you’d be up nicely right now.

Like I have said before, build your positions slowly and the bulk of the money will be made within the next 6 -18 months or 15-30 points higher on all of my alerts which ever comes first.

I added to some of my current positions which includes ANR, BTU, CF, CLF, DRYS, EXM, HERO, MEE, ICE.

Like a hawk stalking its prey, Warren Buffet swoops in and picks up Constellation Energy at a deep discount. A subsidiary of Warren Buffet’s Berkshire Hathaway will be buying CEG for roughly $4.7 billion in cash.

MidAmerican Energy Holdings is paying just $26.50 a share. Constellation’s stock has traded as high as $107.97 in 2008. If CEG dips to under $22 I will be building a position.

Buffett is quoted as saying, “MidAmerican has been a wonderful steward of its energy assets and the acquisition of Constellation Energy, when completed, will prove beneficial to all constituents.”

After a huge Summer run for oil, the price oil has dropped to under $92 a barrel. The demand for oil is there so I believe this is a huge opportunity to pick up oil related companies that will continue to do well under all conditions.

Foster Wheeler, Ltd. (FWLT) and its subsidiaries provide construction and engineering services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant operation and maintenance sectors worldwide.

It operates through two groups, Global Engineering and Construction Group (Global E&C Group), and Global Power Group. The Global E&C Group designs, engineers, and constructs onshore and offshore upstream oil and gas processing facilities; natural gas liquefaction facilities and receiving terminals; gas-to-liquids facilities; oil refining; and chemical, petrochemical, pharmaceutical, biotechnology, healthcare, and related infrastructure facilities.

FWLT has 1.27B cash, and only 227.85M in debt. With recent hurricanes causing damages to platforms, FWLT’s services will be in high demand. The stock has dropped off significantly since Summer highs and looks very attractive here.