Yep, it sure feels like the Friday before Labor Day today (and if you have to ask what that means you shouldn't do any trading today).Net Servicos (NETC) at $11.60. Wowsers, I'm actually up a buck a share on the tiny position I took a few days ago, and this thing has paid back a bit of the previous losing trades. I like the fundamentals on NETC, and that won't change just because the Bovespa goes in and out of fashion up North.
KRY up 22% or so at $1.39 (I'm not polluting this site any further by mentioning the company by name). It's just slightly tempting to short here, but the standing advice is the same as always. AVOID THIS STOCK. Do not go long, do not go short. You cannot seriously think you can beat the crooks that run this paper.
Aurelian (ARU.to) at $6.00. Counter bid? Sorry, I just hear crickets. Over at the best place for info on ARU, the talk is of how John Embry called the Kinross move "brilliant" on BNN last night (I took a few minutes last night and read all the posts yesterday guys...thanks for the intelligent viewpoints). The fact is that Embry is 100% correct, and it should make you think of win-win dealing psychology.
- When one side says a deal is "fair", or "good", then that's a win-win.
- When one side says a deal is "brilliant", be clear that the other side has been taken to the cleaners.
That's you, Mr. Anderson. You know that old saying about sitting at a poker table, Patrick? If you can't work out who the patsy is, it's you. And you wonder why there's a revolt on..... jeesh...welcome to Bay St.
Breakwater (BWR.to) at 0.34, fading after yesterday's rally. Keep it front'n'centre on your radar, though.
Vena Resources (VEM.to) at 0.41, and actually rallying a bit (at long last). Another example of good fundies over bad recent market action.
Breakwater (BWR.to) at 0.34, fading after yesterday's rally. Keep it front'n'centre on your radar, though.
Vena Resources (VEM.to) at 0.41, and actually rallying a bit (at long last). Another example of good fundies over bad recent market action.