I sold half of my LBE this morning, also trimmed FNI. I am up big with LBE, 40% since I liquidated my ROK, BLE, LIM and RNO, thanks to the strength Canadian currency. In my past experience, LBE was dead money for a few weeks when there was a private placement. The stock market is so strong, I want to move some money back to VM stocks ahead of the earning season.
Another reason was that they changed the mining plan of McWater from open pit to underground. I don't know how long this delay will be. But I owned so many shares of LBE that made me worry at night.
In addition 4/30 is Canadian tax day. I know many Canadian made a lot of money in the past year. My IB account over 5 folded since last summer, for example.
I will hold the rest of LBE for the summer. The drilling results should be in soon. Good luck.
Buy cheap, undiscovered stocks!
Disclosure: I usually own the stocks I post the most. The more I discuss, the more shares I own. Do you own DD before placing the trades.
Please post stock symbols first in all your posts.
