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

To: John McCarthy who wrote (630)	12/3/2008 10:11:19 AM
From: hubris33	Respond to of 1182

Hi John, Yeah, doing a fair amount of ST trading these days - the only way to survive this volatility. Catch the right side of one of these up/down double digit days.... You shouldn't kick yourself too much over CMM - plenty were snowed by PK's dog & pony show. In fact, you saw that deferred stripping issue well before most people did and well before the market reacted to it! If I had seen and understood that issue it would have been a reason to beat feet out CMM at that point: the reality trumps the "hope" every time. SUE looks like it failed to negotiate a deal with the Algamarca guys and proceeded to the fight in the Supreme Court. It sounds like the Supreme Court consolidated a bunch of the various lawsuits, such that a final ruling will be more final and there won't be other cases crop up in other courts. I think there is an appeal process from any Supreme Court decision (Constitutional Tribunal?) - all of that is detailed in CMM's news releases. That ruling from the Supreme Court is irrelevant as is the SUNRAP "appeal." All that matters in the long run is "Was the contract valid and who owns the Shahuindo property?" If the Supreme Court Rules in Algamarca's favor - SUE shares drop to 7-cents. It could be an issue of giving the eventual loser a win or two on irrelevant issues before stinging them with the loss that makes the other wins moot. In any case it sounds like the sun could be setting on the case one way or another. Still only a speculative play at best. IF and when the dollar rolls over, IF and when the COMEX blows up we could see a strong rally in the POG. THAT will be a good time to trade some PM stocks and chase the juniors for some IT trades. Keep using your analytical and accounting skills to analyze those investments - you do a good job of that and following those clues should lead you to some good investments! Cheers, H3