Wednesday, February 17, 2010

Trading Post (understanding stupidity edition)


Ecometals (EC.v) down 18.9% at $0.60. The investment philosophy used by longs in this stock works a bit like this; "I know, I'll buy a wildly inflated stock on the grounds that a bunch of liars are promising great things for it and then when the stock loses over half its value in less than two months.... ....I'll go around blaming everybody else except myself". Stupidity means never having to say you're sorry.

Southern Copper (SCCO) down 3.7% at $30.20. Just a line to note that this stock has a new ticker symbol. Bye bye pee cee you, hello SCCO.

Royal Gold (RGLD) down 0.6% at $44.12. Now that RGLD looks like sealing the deal with International Royalty Corp (ROY)(IRC.to), the big question is whether I want to own RGLD. It's performed slightly better than gold over the last five year period and it pays small quarterly dividends, too. That's the advantage. The disadvatage is that it's not much more than a proxy for the metal. Any thoughts?

Antares Minerals (ANM.v) up 1.9% at $1.60. We vewy vewy qwiet. Am huntin' wabbit.