Jun

30

2007 First-half: A stellar 69.9% overall return for the portfolio

June 30, 2007 | 2 Comments

As readers of the blog know, I am generally not one to celebrate my successful trades. I am well aware of the fact that a string of good trades doesn’t mean much in the scheme of long-term performance, and therefore, I don’t like to get too excited by my short-term performance. Nevertheless, it is useful from time to time to step back and evaluate performance, and with the first half drawing to a close this weekend, now is […]

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Jun

29

Taking profits on good drill results from TGA, switching into Nutracea

June 29, 2007 | 1 Comment

This afternoon I decided to sell my entire stake in TGA at $4.52. This represents a gain of just over 17% in a month, a very solid gain considering the choppy trading for the general markets.

The stock has had a solid run up in recent weeks on news of two successful new wells in Yemen, and strong oil prices have also continued to help push the entire sector higher. However, TGA is now engaged in some […]

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Jun

28

Daily Market Wrap 28JUN07

June 28, 2007 | Leave a Comment

The Fed didn’t really bring much in the way of surprises, but the most important news of the day was that oil hit $70 for the first time in 9 months. I continue to believe in the strength of commodities based on international economic growth, and the weakening dollar is only going to add further momentum to the dollar price of oil, gold, etc. However, I am growing more bearish on the U.S. economy in general, and want […]

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Jun

28

Increasing my UXG stake as the dollar continues to wobble on subprime woes

June 28, 2007 | 1 Comment

Gold has hit a rough patch in recent weeks as several factors combined to push the metal away from the $700 mark down into the $640s. In particular, rising short term interest rates and a wave of European central bank sales have continued to put pressure on gold, which has been unable to make much headway and remains largely range bound.

With momentum having stalled in the gold market, UXG has been my worst performer to over the past several […]

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Jun

26

Back tomorrow

June 26, 2007 | 1 Comment

Just a quick note to say that I’ll be back to writing tomorrow. Traveling has kept me busy up to now, but I’ve taken enough profits over the past two weeks so that I can take advantage of the recent market pullback.

Jun

20

Added to KSW at $7.29

June 20, 2007 | 1 Comment

I used the recent pullback of the last few days to increase my position in KSW by about 50% at $7.29. Yes, the insider selling has started again from the CEO, but I’m taking a bit of a contrarian opinion that the stock will be able to absorb the rest of his scheduled sales and move higher despite them. The recent 5% stock dividend was all about adding liquidity for this stock, and I believe the stock is […]

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Jun

18

Sold 40% of NWTMF position at $1.07

June 18, 2007 | 3 Comments

In the past two days, NWTMF has had a heck of a run, coming up from the 70 cent range to trade up over a dollar. As one of my readers pointed out this weekend, the surge is likely a response to Friday’s news that Northwestern’s new partner in Niger, Uramin, has agreed to be acquired by Areva. Uramin and Northwestern each have equal stakes in the development of NWTMF’s land concessions in Niger, so a mop up […]

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Jun

15

Paring back on NWTMF

June 15, 2007 | 1 Comment

After gaining momentum in recent weeks following some interesting exploration results, NWTMF is up 25% today on no news. I’ve decided to use the surge to sell 25% of my overall position at $0.99, booking a nice profit here. I continue to hold Northwestern as an interesting uranium exploration play, but I find it prudent to book some gains here while we wait for further exploration results. NWTMF continues to have some of the most exciting exploration […]

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Jun

15

Taking partial profits on CHCG.OB, rotating into BSIC.OB

June 15, 2007 | 1 Comment

This morning I decided to take profits and sell half of my position in CHCG at $7.98 as the stock surged on the news of a supply and distribution agreement with Best Buy. The stock is up 46% since my buy on May 29th, and is obviously more richly valued at present than it was at my purchase price. That being said, I still don’t see CHCG as an overvalued stock, as the company is trading at 16x […]

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Jun

14

KSW flashing signs of a breakout

June 14, 2007 | 1 Comment

We are still very early in the trading day, but KSW is flashing signs of emerging from its 6 week long consolidation in the high 6’s. The stock touched a new all time high of $7.75 on volume of over 31k shares early this morning, which is more than the average daily volume of the stock in recent weeks. After a long wait, it appears that investors are beginning to recognize the value that KSW’s stock represents, and […]

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