Riding The Gravy Train: short MCK / long MAI, NOC

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Thursday, August 03, 2006

short MCK / long MAI, NOC

Shorted MCK on the NYSE today at $51.50

We've followed this stock for a few years, and feel we know it well enough to be intuitive about it. It looks tired to us, and we expect US markets to do poorly going forward along with a general credit crunch including for McKesson's clients.

On a technical level if it reaches a new 52-week high above $55 we should cover and probably will, perhaps going long. Stay tuned.

McKesson Corp.

There will be an announcement whenever we close positions mentioned on this forum.

Long NOC, Northern Peru Copper on the TSE today at $3.90 Northern Peru Copper Corp.

Adding long MAI, Minera Andes on the TSXV today at $1.30 We've owned this one since earlier this year at $0.75 and like the chart and prospects. Minera Andes Inc.

We're going for a good mix of long and short on different exchanges, and at varying price levels. Something for everyone.

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Riding The Gravy Train

Thursday, August 03, 2006

short MCK / long MAI, NOC

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