Riding The Gravy Train: selling HPSA addition +23% in 2 weeks. covering L, WN, and CFC. buying BAY, MGA

Riding The Gravy Train

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

Tuesday, March 06, 2007

selling HPSA addition +23% in 2 weeks. covering L, WN, and CFC. buying BAY, MGA

We're selling the position we added to HPS-a on February 19/07 for a 23% gain in just two weeks.

We still hold our core position at +136% since called October 13/06.

We expect a market bounce thus cover some short positions to secure the gains. The gains are minor, but they served us well as intended hedges for such market action as we saw this past week.

Covering L, Loblaws, on the TSX for an 8% gain since called August 2/06.

Covering WN, George Weston Ltd., on the TSX for a 5% gain since called August 2/06.

Covering CFC, Countrywide Financial, on the NYSE for a 6% gain since called August 7/06.

On the long side we go bargain-hunting for good uranium sector companies. The shares we sold last week to lock-in big profits have dropped considerably but not yet as low as we'd like before re-entering so instead we go :

Long BAY, Bayswater Uranium Corporation at $1.61

Long MGA, Mega Uranium Limited at $5.58

Click to visit :

Bayswater Uranium Corporation

Mega Uranium Limited

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