RSS 2.0Atom
To add an specific blogger’s feed, simply go to their blog and click on their individual RSS link.
I'm back and dumping everything else into AUY
Rating: 0.00 (8 votes)
Vote: 
InvestorPlace Blogs is powered by Marketocracy. Marketocracy has authorized Investor Place Blogs as an official registrar for voting through Marketocracy's Investment Research Rating service. Registered members of InvestorPlace Blogs are linked with a Marketocracy account to establish voting power based on their performance of trading and posting on stocks.
I've been out of communication for a little while. I guess that I spent too much too fast and felt rather down (both financially and because of my performance). This is a lesson to learn. I tend to want to be fully invested in the stories that I buy, but I should avoid that and try to make sure that I have some cash to put into new stories or better positions on the stories that I have already bought. Yamana Gold (AUY) is a better position on a story that I already bought. AUY was trading at $15 until they made a bid on Meridian in an effort to buy growth. Buying growth makes a lot of sense in the mining business, after all, where else are you going to get more stuff to mine? Unfortunately shareholders disagree with me and the stock plunged to sub $10. I took this as a buy signal and picked up some more stock. Now Meridian is urging it's shareholders to decline Yamana's offer, if they do, Yamana should be worth about what it was before the bid. If they don't Yamana can get back to the business of growing their mining operations. I am moving my stake in Yamana to 25% of my portfolio, and plan to sell at around $14.5 safely below the previous peak valuation of $15.4. | ||
