Market just closed and my portfolio manager screen shows we are up +0.11%. For a red day when S&P is down -0.6%, it is not a bad result at all. I liked today's market action. It is exactly what we want to see. When market sells we are X times better than the market OR even green, like today.
Two things are helping us: strong diversification and SDS hedging. We are siting and waiting what value bargain plays to add and what quick runners to sell. But no need to hurry in either direction.
Today we sold 1/2 of TSTR. 37% return in 1 month is "acceptable" LOL.
We added 2 new plays. CXZ (Crosshair Exploration) - uranium AND vanadium play. There was a report in August about significant vanadium deposits in some areas CXZ develops. If you carefully search their website you will find this: http://www.crosshairexploration.com/i/pdf/VanadiumHighlights-08-27-2009.pdf In fact, this paper doesn't provide much specifics about CXZ vanadium, but talks IN GENERAL how important is vanadium in 21 century. Vanadium is almost always found in the same ore as uranium and CXZ is not a unique player here. Almost any uranium mining company can claim they have vanadium deposits. The question is how much... are those deposits significant enough in terms of technology, economics, etc. So, it is a good report but serious investors (not penny stocks adepts :-)) need more tangible data. Anyway, I am not going to argue with importance of vanadium in our live, plus, CXZ chart looks not so bad. 3rd time CXZ wants to break $0.30 resistance and stay above it. High volume spikes in green days could mean that 3rd time may be a success. Anyway, it fits well into our diversified portfolio basket. I wanted to buy it closer to $0.20, but $0.266 should be ok too.
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