Portfolio Strategy Focus

Bolling: Ride These Four Ag Winners

05/07/08 - 10:30 AM EDT


Editor's Note: Eric Bolling is new to TheStreet.com. A top Wall Street trader and an on-air television personality for the Fox Business Network, Bolling specializes in commodities, technology, resource trades and ETFs. He will provide regular picks in a column for TheStreet.com.

Have you been to a baseball game lately? If not, you may get a case of sticker shock. Be prepared. At $65 to $80, those box seats are the most expensive they have ever been. Even a seat all the way out in the bleachers goes for $14!

I cannot imagine how much they are going to be next year when the new Yankee Stadium opens. After all, MLB is expected to out-revenue the NFL this year. But the demand for a day at the old ballpark with my son Eric Chase is most definitely worth the extra bucks.

Now, guess what would happen if the Yankees discounted all the seats for the heart of the summer season? I'm guessing they might sell every seat of every game. There is already demand for the coveted Yankee seats. So, drop the price and see what happens. They would basically fuel the demand (pun intended) for the seats...any and all seats.

Our candidates for President have little, if any, understanding of the simple relationship between supply, demand and price. I love to talk about this on Fox Business because it amazes me that we have three (that's right three) candidates who just don't get the basics of Freshman Econ 101.

If I am reluctantly getting used to a $3.50 pump price and all of a sudden I see the price drop 18.4 cents I think I will fill up. I also realize that this tax waiver is only going to be around for the summer, so I will cut back after the summer. Or maybe October... yeah like after Halloween...or maybe right after Thanksgiving...definitely by Christmas...you know its cold then.

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At time of publication, Bolling had no positions in stocks mentioned, although holdings can change at any time.

Eric Bolling is a host on the new Fox Business Network. Bolling was one of the developers and original panelists (nicknamed "The Admiral") on CNBC's "Fast Money."

Bolling is an active trader specializing in commodities, resource trades and ETFs.

Bolling is a member of several exchanges including The New York Mercantile Exchange (NMX), The Intercontinental Exchange (ICE) and The Commodity Exchange of New York.

After spending 5 years on the Board of Directors at the NYMEX, he became a strategic adviser to that Board of Directors where he assisted in bringing the company (NMX) public. He has been included in Trader Monthly Top 100 in 2005 and 2006. Bolling was the recipient of the Maybach Man of the Year Award in 2007 for his contribution of philanthropy and willingness to de-mystify investing to Main Street.

Bolling graduated from Rollins College in Winter Park, Florida and was awarded a fellowship to Duke University. Bolling was an accomplished baseball player. He was drafted by the Pittsburgh Pirates where he played before his career was cut short due to injuries. He honors his baseball past by sporting the NYMEX trader badge, R.B.I.


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