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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (60359)	5/5/2006 6:31:45 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 110194

PAAS had 2 big hits on it this week. One was the earnings call, where they apparently posted a loss (at least by GAAP) related to hedge contracts on molybdenum (WTF?). The second was the Bolivians saber rattling about nationalizing miners. PAAS doesn't have huge exposure to Bolivia, but they do have some, and the have considerable exposure in Peru, where the runoff election between the commie (Humala) and the corrupt fascist is scheduled 05/28. Finally, HMY had a real clunker of a report, too, no wonder GG is skying, you'd have to be nuts to own companies in some of these places (I'm beginning to think). Makes more and more sense just to own bullion and very selected juniors....

To: Perspective who wrote (60359)	5/5/2006 8:06:04 PM
From: orkrious	Read Replies (2) \| Respond to of 110194

PAAS doesn't look all that healthy here. I actually bought some today at 22.10 for a trade. I used to own a massive position (most bought years ago) but because of concerns about Peru I sold it earlier in the year (I think it was in January) and replaced it with equal parts SSRI and NG. It's been a huge winner of a trade so far. I'm just looking for a bounce but I suspect the selling should be just about over. SSRI has performed well, but not as well as it should given the PoS. Once people realize PoS isn't going back under $10 money should come into the silver stocks, including PAAS. Even if Humala wins in Peru (he's lagging in the polls) I think his bark will be shown to be worse than his bite. They need the mining companies.