Finally All-Star portfolio has made it to the blog.
I will provide you with a short update on today’s trades.
Firstly, I will cash out on some of my position in PCX. Stock soared post earnings as they provided great outlook. They expect to contract more for Chinese exports, they modified some of the quality mix of the coal so that they can take advantage of better prices going thorough the next year. Additionally, management declared they have a high degree of operational leverage for their metallurgical coal production and can increase production from 5M tons/year to 9.5M tons/year. I believe the stock might depress a bit more before it stabilizes.
Also with TNP I am taking some money off the table as it seems that the stock is reaching it’s 3 months resistance point of ~17. If it falls again, i’ll pick up again more shares as I did when it traded around 15 and gave us the returns we have.
So far, so good.
See you guys Friday!!!
Perfect Timing
I think in terms of timing the market’s going to close out the week on losses, I similarly cashed out of DSX (portfolio update incoming at the end of the day because I’m possibly making a purchase depending).
Question on ATVI. I agree that it’s a very strong company with a very strong line of games (especially with SCII on the horizon). What’s the word on how the stock would be affected if SCII’s release is pushed back, keeping in mind Blizzard isn’t afraid to delay game releases ad infinitum?