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7/9/08

Southern Copper trade

Looks like I got this one right. And although I didn't mention it yesterday, as well as the chunkette bot at $95, when it finally reverted and made its afternoon move I grabbed some more at $96 and small change. PCU then proceeded to act like that submarine pic from yesterday and is now $100. I'll take profits today. Dee Brown sums it all up.

I repeat, this small trading chunk is nothing to do with the long term position in PCU that started at $25 or so a few years ago. Trading is fun and that's why I do it, but it's not where the real money lies....that comes from buying and holding true value stocks.