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Monday, July 18, 2011

Rare Recent Success

Sold two holdings today that were not held very long and were rare bright spots over the past 3 months.

Arcan Resources - In at $4.10 a couple of months ago and out today at $6.96 (70% up).
Sprott Resource - In at $4.40 a couple of months ago and out today at $5.29 (20% up).

I've traded Sprott a few times, it is in a tax deferred account as is Arcan.

I see Arcan being taken out at a price under $10 so I think the upside in several others is much larger.

Was also getting very low on cash, so this fixes that at least until I invest it elsewhere.
Posted by Devon Shire at 7:07 AM
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2 comments:

  1. Would you consider adding further to PBG here at $14??? With some of that cash on hand from those 2 sales i mean........

    ReplyDelete

  2. I think PBG is a great buy at $14, but I'm overloaded and will not buy more. Time to put that one under the pillow and give them some time to grow production at PBN and the parent.

    ReplyDelete

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