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JustForFun7

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JustForFun7

Re: None

Thursday, 05/10/2007 10:02:17 PM

Thursday, May 10, 2007 10:02:17 PM

Post# of 35733
HBM - sold half yesterday and the other half today.

It seems to me that the Chinese have just about finished restocking their strategic stockpiles. Wish I had a way to measure this. The pressure on copper may ease some now.

Maybe zinc can hold HBM up but I doubt it. The post earnings draw down and the seasonal pullback of mining prices will be too strong as far as I am concerned.

I will try to stay in nickel stocks for as long as I can. They still look attractive but also may be pulled back with everything else. Hope the run continues but it's time to take some profits on HBM and move on.

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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