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DarkToast (96.79)

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January 11, 2010 – Comments (2) | RELATED TICKERS: TTO , RBY , FLY

Today I sold TTO and HYF. I had some small profits with both stocks, but the market is feeling a bit 'toppish' to me so it felt like a good time to sell. Neither stock had performed as well as expected.

I added to two positions today as well. I bought more RBY and more FLY. I think it is really likely that Rubicon will eventually get bought out by Goldcorp for anywhere between $10 and $13 a share. Maybe within the next 2 years. FLY just has a super low P/E and a juicy dividend. FLY is also nice because it is a foreign stock.

 My 'lottery ticket' biotech pick BVTI got FDA 'orphan drug' status for its cancer vaccine, and the stock price just about doubled. The company is in bankruptcy and the last time it popped (also about 100%) I sold half my holdings, so I am just letting the house money ride on this one.

 I remain bullish on silver and gold. I have been buying it online just about every month, from apmex.com. In my 401k I buy GOLDX, Gamco gold fund.

 Stay foolish,

DT

2 Comments – Post Your Own

#1) On January 11, 2010 at 5:50 PM, EnigmaDude (97.72) wrote:

DT,

Good to hear from you.  Thanks for the update.  I agree with you that RBY was a good pick and still looks like it has further to run.  Wish I had bought shares back when it was trading for about $1.50 instead of the shares of UXG that I bought (and have since dumped).

Not sure that I agree with your call to sell HYF but at least you are realizing a profit there.  I was also watching TTO for a while but was not impressed.

Thanks for the tip on FLY - looks like it warrants further investigation.  I almost bought shares of RJET today but decided to wait for a better entry point.  I may pick up some shares of FLY instead.

Another smallcap growth stock I like is CNU. Let me know what you think of it.  Had a nice pop today and may be ready to run now that the healthcare debate is simmering down.

Good luck in 2010!

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#2) On January 11, 2010 at 6:16 PM, DarkToast (96.79) wrote:

Hi Enigmadude -

 Thanks for the tip, I looked at CNU. Overall this smallcap healthcare stock looks bullish, but the slow stochastic and the RSI both show it in overbought territory. Up 10% just today though, there might be some 'oomph' left. I am going to keep an eye on it, and if a correction comes to pass between now and April I will probably establish a position. I am watching UVE as well.

Best of luck in the new year!

DT

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