One Step Ahead

[occams_razor]

Here you go.

http://www.naabtrade.com/monthlies/thanksgiving04.htm

Our short position in US Canadian Minerals (USCA.OB) is going to be a HUGE winner for us. On October 28th the SEC issued this:

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 ("Exchange Act"), of over-the-counter trading of the securities of U.S. Canadian Minerals Inc. (OTC Bulletin Board symbol “USCA”), of Las Vegas, Nevada. The suspension will commence at 9:30 a.m. EDT, October 28, 2004, through 11:59 p.m. EST, on November 10, 2004. The Commission temporarily suspended trading in the securities of U.S. Canadian Minerals because of questions that have been raised about the accuracy of publicly disseminated information concerning, among other things, U.S. Canadian Minerals’ financing and mining activities and the value of U.S. Canadian Minerals’ purported assets.

USCA effected a 3 for 1 stock split the day before the trading suspension. It was just another strange move by the company. We have adjusted the prices and reflected the new trading symbol in the Model Portfolios. We expect the stock to crater to under $1 once the suspension is lifted. By early next year we look for USCA to be around 10¢-20¢. For managed accounts, we will try to push the large capital gains out to 2005.