Daily market Comments - December 09, 2008  8:24 PM

Wow! If I had to buy one stock sector, it would be this one...

Well, the market probably needed a rest anyway, after the nice recent run-up.

And rest it did today, with the Dow shedding almost 243 points, and the Nasdaq down 24.4. The "reason du jour" for the weakness seemed to be weak earnings reports. But I think the market just needed to rest a bit.

But there was no weakness to be found in what's suddenly become one of the hottest sectors in the market - the Shipping stocks.

I named one as my RSVP Play yesterday - DRYS - and that bad boy provided another 31.8% today on hellacious volume. The other Shippers are popping like crazy, following DRYS' lead.

But I found a rare Baffle Play this evening (for my paying Members only, of course). It's a "strange bird", one that flew from the $20 area to the $85 area in a massive 2006-2007 run, and then crash-landed back to earth and flat-lined for awhile.

It's back in action today though, more than doubling in value on huge volume for the rather thinly-traded stock. It may be about to take off on another massive run. I'll name it for my Members tonight.