6/2/08

Trading Post

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A block trade of Los Andes Copper (LA.v) knocked it down to 0.52 at the bell. If it starts trading under 0.55 I'm interested in buying a few. Great junior copper prospect in Chile.

Mansfield Minerals (MDR.v) released another good looking PR this morning. The stock is up 5% without me on board, but that's the way things go when you trade things ST. Very good junior miner, worth looking at as a long-term holding.

Gold is looking strong, even with a dollar that refuses to fall. I'm long gold right now.

NETC is under $14 again. Buy here and hold it long-term. No brain winner.

GGAL at U$5.39. That's my trading buy of the day. The right news comes out of the agro meeting this afternoon and this is over $6 before you can say 'index-linked local currency sovereign debt paper'.

FAN.to at 0.82. This is the breakout level again. If we get through this it's off to the races. I'm happily sticking with my call for $1.20 by the end of this year.

Last point. I've mentioned it before, but these short-term trades are a small part of the overall portfolio. The vast majority is long term holdings. I tend not to mention the long term stuff cos nothing changes and the subject gets boring. Trades are fun, but you shouldn't bet the farm.