Riding The Gravy Train: January 2007

Riding The Gravy Train

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

Tuesday, January 16, 2007

selling CXX for 100% gain.

We're selling Crosshair Explorations, CXX for a 100% gain.

We originally went long in early August 2006 at $1.45, then added additional shares at $1.96

We sold those additional shares a month later for a 66% gain. The stock has since traded as high as $4.20, but to us it looks unusually weak closing below $3.00 thus we're closing our remaining long position for the time being, netting 100% on those shares at the current price of $2.90

To us Crosshair looks due for more consolidation and a lower support level and our stated goal has been to protect signifcant gains in this new year so we're adhering to that plan.

We are not bearish on the company and would not be surprised to see it continue upwards in the longer term, however if it does so it'll likely be along with the uranium sector in general and we still maintain extensive holdings in uranium stocks per this blog so we're covered in that regard.



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Friday, January 05, 2007

selling WNR for 8.4% gain

We're selling Western Refining, WNR as promised if it closed below $25, for an 8.4% gain.

Best wishes for a healthy and prosperous 2007 !