Reply for...relax everyone
look the market is crook, and specs are hit the most, and in these times everything is taken as a negative.
Look fact is CVI have a m/c of just over $10 mill,
they have got assets back from Pensador of $14 mill, I would rather the cash in our account and then spend it.
but the copper is worth more than currect m/c by a long way, then the other assets.
But when the sp keep falling it is little consolation.
Reply...Yes the market is crook and that is a factor at this point, I need to ask you if the dow drops 1200 points this week what will happen to most stocks.
This is pre warning of what might happen!
A couple of strategies to protect.
Here they are, sell half and hold on to half if they go down you can buy more at discount prices, if they go up buy back in! Another strategy Sell 2 thirds, another variation and buy down as the stock goes down if they go up buy back in.
Long term holder 3 years or so buy down!
Yes the market is crook and that is a factor at this point, I need to ask you if the dow drops 1200 points this week what will happen to most stocks.
Consider the right strategy for the times.
This should be a major idea discussed for the protection of cvi traders and investors.
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