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RealMoney.com: Energy
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Rising Gas Prices Are Likely to Weigh In
Page 2

 
Gas prices are hard to forecast, and it's not my niche, but if the past were to repeat itself even at the low end of the 2005-2007 range, then that could result in retail gas prices of $4 or better heading into the 2008 summer driving season.

What kind of a crimp would that put in consumer-spending patters?

With that in mind, I'll keep my short on Polaris Industries (PII - commentary - Cramer's Take), J Crew Group (JCG - commentary - Cramer's Take) and Rush Enterprises (RUSHA - commentary - Cramer's Take) and keep my long bias on Krogers (KR - commentary - Cramer's Take), Altria (MO - commentary - Cramer's Take) and British American Tobacco (BTI - commentary - Cramer's Take) among others.






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At the time of publication, Versace was short Polaris Industries, J Crew Group and Rush Enterprises, and long Krogers, Altria and British American Tobacco, although positions may change at any time.

Chris Versace joined Agile Equity in 2006 and leads the Washington D.C. office where he oversees Agile Capital Management and serves as a sub adviser for other asset managers. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Versace appreciates your feedback; click here to send him an email.




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