Tuesday, August 5, 2008

ohh-meh-gawd...stawks!

I am still long in Lundin Mining company(LMC) and really hope that Thursday's earning bring some good news that lifts the stock at least back into the 6's. After that I am hoping for some positive news about Tenke. I am in this stock big and have had to sell other positions to free up some capital to keep buying shares to lower my cost basis. I sold all of my SMN for only a small profit, now I see it is knocking on $40s backdoor. I also sold NVDA for a big loss, I had to sell after LMC went under five dollars and my margin requierments jumped up to 75% and that is my first margin call. I also sold EXP to free up some cash too. I really like EXP as a long term play on housing comeback. I don't know if management is still aggressively buying back stock but I still would like tp pick up some more shares in the next couple of months. Whelp. tanks for reading I'll try to post updates ore often than four months apart.

1 comment:

Adam Freeman said...

This is the worst blog I have ever seen.