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3/13/09

Trading Post (funny Friday edition)


Fortuna Silver (FVI.v) up 4.5% at $0.92. Hey, Moriarty, is that all you got these days? Your condescending pump jobs used to be able to get your sheep fired up and moving stocks 15% in a day. Remember KAL Energy...ahhh, those were the days, weren't they? Looks like you're losing our touch....must be those everso sincere disclaimers you put on the end of your articles. Volumes mediocre, too.

Cosan (CZZ) up 1% at $3.05. Cosan reported its quarter this morning, and here's a Reuters note that sums up things neatly. I looked at the headline loss and saw the stock move down in early trading and though uh-oh, so went to get the full filing. On reading it thought "nah, not bad at all, really" and while I was putting my own mind at rest the stock returned to UNCH. Still holding and very much on the right side of the trade. The $3.50 to $3.70 mark is still the target, sugar prices permitting. DYODD.

Corriente Resources (CTQ.to) (ETQ) up 0.77% at $5.24, but the main story is the volume, doing 350k shares and strong again. Desjardins put out a note on CTQ.to this morning .....is that what all the fuss is about? Hope not, but all the same Desjardins said that the comapny looks like getting bought out in the next two to three weeks and set a reasonable $6 price tag on the deal. Sounds about right to me, but I'm not buying. Not buying anything today, in fact (unless TRY.to loosens up a bit).