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Post# of 173772
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JustForFun7

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JustForFun7

Re: riskanalyst post# 68478

Monday, 03/26/2007 1:39:49 PM

Monday, March 26, 2007 1:39:49 PM

Post# of 173772
LIM and other offers

I sold my position in LIM at 19.38 today and rolled it into RNO which should run a little because of LIM but also it should have a pre-earnings run before they report after the market closes on Wednesday. Also adding some QUA.to as I see a lot of value there and the market has started to recognise it. Currently at 9 but I think it will go to somewhere between 12-15 depending on how strong copper remains.

The market is obviously anticpating more offers. Based on your number on previous premiums this is to be expected. Perhaps the only difference is that we are that much closer to the top of the market. The premiums may not be as big because of that.

I wonder how quickly the offers will be put together and hit the table.

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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