Well Toronto had a great couple of years, and just one week ago was up over 7% for the year. Monday people bid up oils to their high and the metal stocks.
it has been one week full of selling.
HBM in the predictions thread $5.75 if you bought it there on Toronto, now $7.01 down .59
hit a high of $8.86, sold half of the position got stopped out 25% $8 and 25% at $7.50.
keeping the other half, 25% stop is at $6.50, theh other 25% keeping.
nothing wrong with the stock it is just people hate base metal stocks, a week ago it was a different story. many people would say a person should buy more, but when a stock is dropping 2-5% a day, I like to just get out of the way.
base metals Inco is falling as there is more speculation that the takeover may not go through Falconbridge.
government red tape thanks to the US, and Europe. so much for a world without governement red tape......will not go on but the whole thing is incredible about how a merger that make so much sense can be delayed....
oils Suncor at $82.48 cdn. high 93.85
tlm 61 high 74.53 cnq 61.30 high 73.91, pca 52.01 high $59.40
most of the highs were hit just last week, Monday. the sell off has been steady. going to wait this week and see their direction.
these are great companies and good buys if oil can hold above $55. may get taken out and shot.
Have mentioned True, which became True energy trust. if you have it....sell. better trusts out there, not a bad company but you should not hold True when it is this weak.
as for the spinoff Vero which came out at $4 trading and hit $7.18 (other post recomended taking some profits, over $6)
holding onto the remainder at $5.58, but would not be in a hurry to add to position until it hits $5. have half my orginal positon.
thanks
selkirk
it has been one week full of selling.
HBM in the predictions thread $5.75 if you bought it there on Toronto, now $7.01 down .59
hit a high of $8.86, sold half of the position got stopped out 25% $8 and 25% at $7.50.
keeping the other half, 25% stop is at $6.50, theh other 25% keeping.
nothing wrong with the stock it is just people hate base metal stocks, a week ago it was a different story. many people would say a person should buy more, but when a stock is dropping 2-5% a day, I like to just get out of the way.
base metals Inco is falling as there is more speculation that the takeover may not go through Falconbridge.
government red tape thanks to the US, and Europe. so much for a world without governement red tape......will not go on but the whole thing is incredible about how a merger that make so much sense can be delayed....
oils Suncor at $82.48 cdn. high 93.85
tlm 61 high 74.53 cnq 61.30 high 73.91, pca 52.01 high $59.40
most of the highs were hit just last week, Monday. the sell off has been steady. going to wait this week and see their direction.
these are great companies and good buys if oil can hold above $55. may get taken out and shot.
Have mentioned True, which became True energy trust. if you have it....sell. better trusts out there, not a bad company but you should not hold True when it is this weak.
as for the spinoff Vero which came out at $4 trading and hit $7.18 (other post recomended taking some profits, over $6)
holding onto the remainder at $5.58, but would not be in a hurry to add to position until it hits $5. have half my orginal positon.
thanks
selkirk
