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4/8/09

Trading idea of the day

Minera Andes (MAI.to)

Because in about 90 minutes' time, Rob McEwen is going to stand up in front of a whole bunch of rich people and their analysts at the Yale Yacht Club in New York and tell them to buy MAI.to. All these people will have cellphones in their pockets and decent red wine in their bloodstream.

Buy at 64c now, sell at 70c (or maybe even that 74c target I set myself a couple of days ago) in a couple of days; what could possibly go wrong?

DYODD