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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ed Ajootian who wrote (109267)9/13/2008 6:30:55 PM
From: Cogito Ergo Sum  Read Replies (2) of 206223
 
HI Ed,

I find myself in a similar position. Right now about 65% cash and that is the low end of my cash range these days which was > 85% two weeks ago.

I have started a core position in Canadian financial stocks and trade around it. Most have been posted on Dale Baker's thread which is more appropriate place for them (I really do expect to end up making at least 50% on them ;o)

They may not be your cup of tea but the yields are not bad, Canadian Banks and most lifecos have reported recently with no unexpected huge skeletons... CIBC was worst as expected and they are still very solvent. A couple of my picks actually increased dividends. Anyway NA.TO, BMO.TO, BNS.TO (still a trader only), MFC.TO, GWO.TO, SLF.TO, KFS.TO (some US exposure to think about) I own and HFU.TO an ETF of Canadian financials for trading. I believe all of those trade on US exchanges also except the ETF so no pink sheet nonsense involved. I have no position in TD.TO or CM.TO presently.

I also hold NVS generic drug maker as a US ADR and JNJ. I'm watching GE and have bids in on DEO which have not hit ... yet.. Looking for re-entry into PSS which I sold too soon.. (cheap shoes... gotta have shoes..) I also have a core position in RCB.I TSX) Rogers Communication but reduced my position recently until it gets firmer.

I'm also nibbling in the clean energy area.

I have no O&G exposure presently.. Just trade in and out some these days.

The Black Swan
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