Riding The Gravy Train: selling SNO +81%, TEL -8%

Riding The Gravy Train

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

Tuesday, May 01, 2007

selling SNO +81%, TEL -8%

We sell SNO, Snowfield Development Corp., called December 20 2006 for a gain of 81% We're eager to see the results of the company's program, however the up-trend appears breached and we do not wish to risk losing this quick large gain.

We sell TEL, Trigon Uranium Corp., called Februay 22 2007 for an 8% loss.

In keeping with our stated plan we have reduced holdings considerably early this year, booking extremely generous profits while doing so. The overall markets and precious metals appear weak to us in the short term, however in the long term we remain precious metals and uranium bulls, and housing and US Dollar bears.

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Riding The Gravy Train

Tuesday, May 01, 2007

selling SNO +81%, TEL -8%

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