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Southern Copper Corp. Message Board

  • thewhiskeypirate thewhiskeypirate Jun 13, 2006 12:44 PM Flag

    bought PCU at 70.8

    This is NOT a trading position.

    This is the first part of my entry into PCU. Bought approx 30% of my full quota today. Initial target is $100 exact, with no time limit on that target.

    Will look to add on lower prices, but will happily add at a higher level (up to 80 or so) if today turns out to be the bottom of the bottom (which is unlikely).



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    • $40is just a joke and coming from a short basher, that would push its PE down to a little under 4, and that is just not going to happen when a company that has a high div yield on an already low pe of about 7. $68 is a possibility, but that would be a very attractive entry point, wait until they get out of the problems there in right now, the strikes, and as long as copper doesn't fall below $2.50, pcu will be back in the 80's or 90's in a few month time if not sooner. but right now from the charts i have been looking at it is still bearish.

    • does anyone use e-tdrade to day or swing trade? and if so is it pretty good, i just switched to ameritrade apex to find out that one of the major things that i wanted, trailing stops, was only available when you are long and not if you are buying or selling short. just looking for some honest feedback on e-trade compared with ameritrade. thanks in advanced for your replies.
      Oh yeah, I like PCU, good trading stock, will get long again when things in the market and company settle.

    • PUTS EOM

    • Hey Wp,
      Hmmm. You are following chartist's method of 'sliding in'. Only long instead of short.

      I would be too if I had some cash. That will happen soon after I close the sale on an apartment.

      I too prefer to buy when others are selling. Sometimes though it tests my convictions. You see I was buying on the way down recently, not expecting such a drastic selloff. Not worried even the slightest bit. I am sleeping fine.


    • Whiskey,

      Why are you buying back for long term when there is so much bad news about this stock, mainly through Dar? Why not wait till the dust settles?

29.82+0.05(+0.17%)Mar 2 4:00 PMEST

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