CL001 : HBM
"...There were rumors that LMC buying HBM. Those who bought HBM for takeover were disappointed. They may already got out to chase other stocks...."
Guilty as charged.
I sold 1/3 of my HBM holding today in order to buy CMM. Got lucky on the timing and CMM went up 15%. I may hold to see what the earnings PR brings but I am tempted to take the quick profits on Monday. I'll sleep on it over the weekend and see how things look next week. Even after selling a third of HBM, it is still my biggest holding.
If I sell CMM, I am thinking of putting it back in to HBM but I am also considering adding to my QUA. They both have the same relative upside for me. The difference might be that QUA is moving up again while HBM is "playing dead". I have to respect the market. I have held value stocks sometimes for years waiting for the value to be recognized. But if the market doesn't want to give it the recognition, you have to respect that and move on.
I sold my LBE at 3.90-3.95 when it stalled out after a great run but I see that it made it all back today so I am less inclined to get back in to LBE. But you have to love those nickel stocks. They are great distance runners. Lots of upside still on the producing juniors.
Have fun!
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
