Today's action in local miners has an undercurrent of "who's going to buy who" about it. Credit Suisse came out with a note this morning adding its own spin on the guessing game and saying that Kinross (KGC) might even gobble up Yamana (AUY). Well Otto dunno 'bout dat one dude, but I had a good stare at possibles last night and as mentioned previously I'm sticking with JAG as my "most likely to" for 2009.
Jaguar Mining (JAG) up 7% at U$5.17. Yep, it's looks like the market feels the same way, too. This might even become a bidding war with AUY and KGC slugging it out, but AUY is still the best fit imho. Anyhoo, your profits-driven Otto is happy about the pop today.
Greystar Mining (GSL.to) up 18% at $2.40. As quickly summized in the post before the bell today, this thing looked cheap at two loonies. Still looks cheap now, all things considered, but chasing after a price isn't my idea of solid trading tactics. If I buy it'll be lower than here.
Fortuna Silver (FVI.v) down 9% at $0.82. I got a mail last night asking where a decent buyback point would be. To be honest I don't really know. Buying back is more seat-of-pants and less charts and lines with me. Why don't you shoot a mail to Gary BiiWii and ask the TA guy? At least you'd be asking someone who's worth listening to about charts instead of the normal knuckledraggers that pass themselves off as experts. Anyway, I don't really know about a particular buyback spot for FVI.v right now, but I'd think that it wouldn't be before we get a drop and rebound in silver (gold). Personally I'm not in any hurry to buy anything else right now; the cash cushion will stay plump Chez Otto and the gold exposure I have from the other stocks is enough for me now.
Gold Hawk Resources (CGK.v) down 20% at $0.02. With the debt payment deadline of January 29th now looming, it needs good news and it needs it soon. I'm rooting for these guys cos they treat the locals well.
Jaguar Mining (JAG) up 7% at U$5.17. Yep, it's looks like the market feels the same way, too. This might even become a bidding war with AUY and KGC slugging it out, but AUY is still the best fit imho. Anyhoo, your profits-driven Otto is happy about the pop today.
Greystar Mining (GSL.to) up 18% at $2.40. As quickly summized in the post before the bell today, this thing looked cheap at two loonies. Still looks cheap now, all things considered, but chasing after a price isn't my idea of solid trading tactics. If I buy it'll be lower than here.
Fortuna Silver (FVI.v) down 9% at $0.82. I got a mail last night asking where a decent buyback point would be. To be honest I don't really know. Buying back is more seat-of-pants and less charts and lines with me. Why don't you shoot a mail to Gary BiiWii and ask the TA guy? At least you'd be asking someone who's worth listening to about charts instead of the normal knuckledraggers that pass themselves off as experts. Anyway, I don't really know about a particular buyback spot for FVI.v right now, but I'd think that it wouldn't be before we get a drop and rebound in silver (gold). Personally I'm not in any hurry to buy anything else right now; the cash cushion will stay plump Chez Otto and the gold exposure I have from the other stocks is enough for me now.
Gold Hawk Resources (CGK.v) down 20% at $0.02. With the debt payment deadline of January 29th now looming, it needs good news and it needs it soon. I'm rooting for these guys cos they treat the locals well.