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Strategies & Market Trends : Ride the Tiger with CD

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To: Goose94 who wrote (138424)	12/4/2008 9:46:07 AM
From: mimur	Read Replies (2) of 312810

pricing in positive news from new Ecuador mining legislation...keep T.DMM on that list incakolanews.blogspot.com Today in Ecuador, the congresillo continued to take arguments from both sides about the new mining law. Indigenous movement CONAIE spoke today and asked for the law to be suspended. The arguments used by CONAIE were varied, but included the need for a full dialogue with the people to be affected by any mining development as its mainstay line. In the rebuttal period of the debate, the government argued that before the law was presented there were full consultations with all groups to be affected by mining activities. Two conclusions drawn from today's Congresillo session: 1) The government made much the better argument to the members of Congresillo. 2) The simple fact that the debate continues and the congresillo is spending sequential days on the issue shows the mining law is now close to being approved. This means that here I am, once again, banging on the table, doing my best Jim Cramer impersonation and telling you that YOU HAVE TO BE LONG DYNASTY METALS (DMM.to). And this isn't because I'm long, either. As a matter of fact I still have no position in the stock as yet. I've been looking to get long the last two days, but with such sketchy volume I haven't hit a fill. If you prefer, use Corriente (CTQ.to) (ETQ) as your vehicle to play the imminent approval of Ecuador's mining law, but the value investor that dwells inside me cannot ignore DMM.to at these prices. This is one of those trades that don't come along very often, and when they do you want to be there. It's the right stock at the right time. I'll leave it up to you to play either for the short term pop or get in for the longer haul. All I know is that DMM.to right here right now is the most wonderful buy and I'm staking my reputation as a fundamental analyst and a close watcher of LatAm politics on that statement.

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