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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Chunger who wrote (161607)	5/29/2009 10:13:23 PM
From: El Canadiense	Respond to of 313591

OGC: 90-95 this morning? Impossible! having closed in Australia at AUD 1.21, fair value in CAD was around 1.05, so you got a good deal buying at 1.02. You may try getting in Australia on Sunday if you have access to the ASX, I keep buying on both exchanges depending on the sort of discount to be achived over the preceeding closing price on the other exchange, sometimes you can get as much as 7-8 % discount, but it´s more a thing of the past, now if you get 4-5% you´d be lucky, and that would be usually in the first minutes of trading if at all, later on the day the usual pattern is the price rockets over the preceding close and then rockets even more... and then when the other market opens it will catch up again and then the cycle starts again...it´s a beautiful thing, having 2 rallies everyday.lol I hold an insane position (relative to my overall PF) on both exchanges now After they sacked the CEO it looks like they will sell out or farm out their world class cooper/gold Philippines mine and unlock a hell out of value for shareholders. Philipinne mine alone is worth as much or more than OGC current market cap have a good weekend and might gold break 1,000 buks next week and never look back!