Read LilNev2000's blog in RSS
June 21, 2009
Edited: June 21, 2009
Share This
Great Panther had more than doubled since I bought it earlier in the year and my exit strategy was to sell that stock to put more in the stocks that had more upside potential.
Timmins Gold was another solid performer for me. I took the gains from that stock to pay off some bills. It just sucks that you have to pay those things. =)
Both Great Panther and Timmins are both solid picks still with some upside. Both stocks pulled back some, so if that trend continues, I look at getting back in and being a buyer.
My missed selling opportunity was Endeavour Silver. I wanted to get out of the stock at 2.40 but didn't pull the trigger fast enough. That was a mistake that cost me a good chunk of cheddar. The stock sold off and now sits at 1.64. My plan for that stock was to get out, pay some of those dreaded bills and purchase more shares on a pull back. Well since I missed the first part of the plan I guess the bills will have to wait. =)
Aurcana Corporation is the company I increased my holdings of over the past couple of weeks. The company still seems to be under the radar and with silver, copper, and zinc increasing a good deal from Q1 to Q2, Aurcana might sneak out of this quarter with a profit, a quarter earlier than what I was expecting.
With Q2 coming to an end, I'm happy to see the price of gold holding over $900 and base metals prices increasing. It should make for some nice profits for the companies who cut costs during the downturn in the markets last year.
-----
Note: If you want to follow what I buy or sell in my personal portfolio (at the times I do it), check me out over at Cake Financial.
