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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (29637)	1/11/2008 6:10:13 PM
From: anializer	Read Replies (1) \| Respond to of 78748

Paul, I got rid of my LMC shortly after DB did in the mid 10 area at an overall loss. Of course I think its a better buy here. One of my most optimistic ideas gone haywire in a haywire environment. I'll likely buy it back at some point as experience has taught me the time to buy metals is when no one wants them and they are down and out. Zinc prices losing 50% of their value in 2007 is something that really blindsided me, as the scuttlebutt all year pointed to inventory depletion at all storage points. Lead has a more optimistic looking price. I suppose its just a normal correction for a metal stock, so I keep one eye on it all the time. Increased costs and delay's in the Congo haven't helped it in the short run. My take is the news could get worse before it gets better on base metals in general but it's mixed. For example OMG hit an all time high yesterday as Cobalt spot prices rose to $42.50/lb. On another note, RELL and many others are beginning to crop up as ridiculously priced, but I suppose we'll be seeing hundreds of stocks like that before its all over.