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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?


To: tyc:> who wrote (7036)2/8/2009 1:48:53 PM
From: onepath  Read Replies (2) | Respond to of 23100
 
I added last week NGD.WT.A and TRX on the sell off but my reasoning was only that they where both cheap and I wanted more gold first and copper just an added benefit...did not consider that NGD.WT.A had an advantage if copper starts to outperform.

Following your reasoning here(and after the fact for me) it did give you a better return(well deserved)and I also agree that NGD could outperform here (shorter term) for both your reasoning and also their size and higher market profile but somewhere along this path TRX could rocket.I can see TRX at 10x at $1.80 before NGD at 10x at $30.00 so I am reluctant to sell any TRX at this level but would add to NGD.wts first with any new purchase.

TRX is now moving a little like NGD did a few weeks back...stock up and warrants lagged.So I may sell some TRX to buy more TRX.WT. if the stock moves into the .20's and the wt. stays around .04c

I sure do appreciate the work that you do on relative performance and charting of the metal stocks(and costing) a great help.All too often I jump and then look to see where I am going to land.(ouch) lol