No, no, not off a cliff as I know a handfull of readers would like to see.
I purchased for my own account shares in Hudbay Minerals (HBM-TSX $5.78). This is a turnaround story that technically looks like it wants to run to at least $10. The 200-Day M.A. is still heading lower and likely to be resistance but the stock has put in a “classic” rounding bottom. We can trade between $5.50 and $6 but the surprises should all be to the upside for the foreseeable future.
Canada is having trouble raising $$$ –
No Takers In Bank Of Canada 28-Day Term Loan Facility
OTTAWA (Dow Jones)–There were no takers Wednesday in the Bank of Canada’s C$2 billion (US$1.6 billion) 28-day term loan facility operation.
The next such operation is scheduled for March 30.
Web site: http://www.bankofcanada.ca
Took a position on HBM today. Thanks.
jan
don’t thank me unless it goes up. I had enough go &^%$ for that stock tip already.
looks like a good buy at 4.80 (it’s a cyclical move),, good luck !
I didn’t want to do what I did when you told us about NDM… I also have taken a position in HBM. If it goes to $10, I will buy you lunch
Yes, Peter. I will be cautious. Scale-down buy & buy on dips only.
Yes, Challie, I will keep the $4.80 in mind.
Thank you both.
Can I buy this OTC or on a pink sheet? My broker doesn’t allow trade in foreign stocks.
Steve yes you can HBMFF:OTO
Ivan, thanks for the info. A good point is raised here. For the Canadian stock recommendations, it would be good to also give the symbol under which it trades in the US.
from stockhouse board:
HudBay Minerals Tgt Raised To C$8.30 From C$7.20 By Blackmont >HBM.T