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goldminingXpert (28.89)

Sell BMB Munai (KAZ) now...



September 16, 2008 – Comments (1) | RELATED TICKERS: KAZ.DL2

Today's top stock was KAZ rising 25%. I picked it to outperform and bought 500 shares yesterday. I, of course, sold my stock today, but on CAPS, I am stuck with this pick until next week. I understand the idea of the 7-day rule, but there should be an exemption for crazy moves like this. Obviously I don't like it nearly as much today as I did yesterday. The entire target of the move (I was hoping for $3.75) was reached and more! Let me out CAPS, let me out.

1 Comments – Post Your Own

#1) On September 17, 2008 at 9:47 PM, dexion10 (27.17) wrote:

nice call on KAZ goldminingexpert!

I saw your post that you are 80% in cash but only long. 

I respect your intuition regarding a counter(up) move. 

That's why I am long and short and trying to own good stocks and short bad stocks. Over the long-term the market will be a weighing machine not a voting machine.  

I am short entities with structual issues - as you can see from the gov't bailouts - there is no completely free lunch - legacy issues will still be legacy issues.  

If you levered up and bought bad assets  - no one will wave a wand and make them good for you.

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