I believe the metals and mining shares are in many cases over-extended for the near term and want to take some profits off the table. Sell SCP-TSX, ADM-TSX-V, CGR-Alnet and MDW-Alnet.
PST-NYSE and TBT-NYSE are the only open buys. KMK-TSX-V and EVG-TSX-V have buy limits. The rest of the model portfolio is a hold.
Please note I raised the buy zone on KMK-TSX-V. This article ran in the Asia market. Was it a Freudian slip that KMK was taken over? More on this and other positions in my next update.
We can hope it was Freudian
Thanks Peter, KMK and EVG seem to be handsomely taking off today.
Grandich has made some good calls, but EVG was not one of them. Insiders were selling into the strength at $1.50. Grandich issues a buy at $1.40 and it’s now $1.10. You don’t win any medals for one up-day. Your money will earn you more elsewhere.
What the F*@k are you smoking Rich. Look at his open and closed list moron. Something like 95% of all his picks have been winners yet you pick on one of the very few losers for now. Why the f*@k would you be here wasting your time if he was ng? Because you’re a f*@king loser!
[...] I said Tuesday morning “I believe the metals and mining shares are in many cases over-extended for the near term and want to take some profits off the table.” Most remaining metals related model portfolio holdings were holds. A correction/consolidation was overdue and very healthy. Remember, I stated numerous times a four digit gold price would go from being a top to a floor. Building a floor is now underway. [...]
KMK…..whats the price prediction for this beast? $2.50???