Riding The Gravy Train: Long PGR, selling NOC, INFY, AMD

Riding The Gravy Train

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

Saturday, December 23, 2006

Long PGR, selling NOC, INFY, AMD

Long PGR at $0.92 on the Canadian TSX Venture Exchange.

One of our recent plays, Altius (ALS is currently +49% since our call in early October) has bought a significant amount as seen in this recent press release. Their record is exemplary and we simply follow in that proven path of success.

Do read the recent press release which summarizes the company's many compelling prospects, including a joint venture with one of our best holdings Crosshair Explorations, CXX (+66% on our add call, and currently +147% on our original purchase).

Some selling to book gains and free funds for new positions :

NOC at $5.97 is up 51% for us. We are still bullish in the long term, but feel it will consolidate awhile or even fall to what we believe is support in the $4.00-$5.00 range and don't wish to risk losing the good quick gains we've made here.

INFY at $52.93 is up 31% since our August call, but looks toppy currently so we're taking those hefty gains.

AMD at $20.77 is up 3.3% after taking over our original call which was ATYT. We went along with the conversion into AMD shares but no longer like the looks of it. We're skeptical it'll hold the $20.00 level and below that we'd rather be short in the long term. For now we're neutral however, and taking the gains off the table.

We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

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