Time To Get This Show Back On The Road!
Happy New Year!
Boy I just looked at the time I posted last and it has been almost a full year since my last post. The past year has been a very challenging one for resource stocks but I am very optimistic about 2008.
Oil is over $100, Uranium is bouncing back to $90 but where are our dear share prices?????
In the pits!!! And more than half of Canadian fund managers are predicting drops in the TSX.
But remember folks, monkeys have a better chance of outperforming the TSX than fund managers do, so whatever they say to do, we should be doing the oposite!
So how did I do in 2007 you may ask??
Well here is a little rundown of what I was in:
KXL: Huge gains, I am very satisfied. Stock went up sharply, then down sharply. I started buying when it was flatlining. The stock is now hitting new highs and I still in but with my finger ready to pull the trigger if it drops 10-20% from current levels.
NUX: Was a large holding of mine. Am slowly downsizing but the management team is still great on this dormant stock. Good news will definetely boost this stock very fast. Right now sitting at about two bucks off highs of around 3.50 so it'll be interesting to see how long it will take to run higher.
MGA: Another large holding. It is down to about 50% of its peaks in the good times. Looks like we are close to a low and insiders who matter are buying in big so make sure you check this one out because 2008 should be very good for Mega.
I will have more updates soon. Please stay tuned!