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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Cap Lock Kid who wrote (12571)	10/15/2008 12:50:03 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 50404

Cap Lock Kid re:["HNU on the TSX hit a 52wk low. Gas is way too cheap here. I have started nibbling here too. Check out TCK.b on TSX as well. Talk about bargain with their takover of FDG.UN - any thoughts?"] Thanks... great suggestions. Teck Cominco is now throwing off a 7% dividend. Now $13 down from $50 and as you pointed out, they just bought Fording Coal. If the world does not end in the next 6 months... we are seeing fleeting values that will not last. The problem is cash. Natural resource and commodity funds are getting crushed. Mass redemptions, especially given the broad market meltdowns. This is one of the reasons I've pounded the table on the necessity of hedging... being short "something" if you're long "anything." I'm banking half of my short profits, and pouring the other half into scaling into resource & commodity stocks. And now, we're finally getting deep value re-entry opps in stocks and sectors that had run away from us earlier. I'm back re-entering the oilpatch for the first time in many years. Much of that due to the opportunity that gold and pm's offered, but now, due to deep values we're seeing, especially in the nat gas E&P's. Good Luck and thanks for the heads up on TCK. SOTB