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5/13/09

Trading Post (too long at the party edition)


Lots of red on my screen. What is this Hope™ of which you speak, gringo?

Nadagold (NG) down 5.4% at U$3.35. Oh dear. How sad. Whoever pumped this dog yesterday is going to look tehstoopid soon enough. A nice start to my short...but it's only just beguuuuun (c'mon, join in the chorus dudes).

Cardero (CDY) down 9.2% at $1.18 and nerves are setting in before the big "will they or won't they" announcement coming soon. A roll on the drums, please......... (IKN Weekly subscribers will be getting an update tonight on this stock).

Fortuna (FVI.v) down 4.9% at $0.98. Volumes not high and nothing really more than the general sector downdraft. Holding through and still looking at $1.08 as an exit price, no worries.

Troy Resources (TRY.to) up 7.4% at $1.16 and upping on the back of the impressive, high volume surge in the Aussie listing last night. Gotta love this stock at this price.

Fronteer (FRG) down 7.5% at U$2.95, and even the best companies are being sold into this swoon today. So be it.