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Southern Copper Corp. Message Board

  • dar200 dar200 Apr 15, 2013 2:04 PM Flag

    Now for flip

    China farts and the commodity lemmings panic. Copper down under 2% and scco down over 7%. A lemming panic gift.

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    • Dar

      If you haven't bought that SCCO flip may I suggest you cancel it.

      This Boston news is going to impact the market beyond today. I'm going to cancel a buy I put in today and hope for the best.

      • 1 Reply to rogluther
      • Done. I'll flip if I can but am content to hold. Earnings soon, which will be down from last year due to metals price, but still OK because cost is low (relative to industry) and all major mines had no publically announced interruptions in production, plus a mystery dividend, which depends on how much cash Grupo wants.

    • I've been a bad bad boy again and used a word that yahoo doesn't like so they sent me to neverseeland. I'll try again.

      The numbers say you're correct.

      It's also of note that the volume is up more than 50% from average.

      But maybe there's a bunch of slow furry little critters (other word banned) that haven't reached the edge of the cliff yet.

      Since when I buy I intend to hold and since I don't have a wife who has come to expect lavish dinners and I don't need a new deck, kitchen re-do or a new stainless firdge I'll think I'll wait.

      But ...... getting a free start to a new garage at the camp would be nice. Additionally, I could do my civic duty and send a nice short-term capital gain check to my uncle to support his good work. Nahh .... that turkey would probably just take my money, borrow another 40%, and then stick me with the bill.

    • Denial always the first stage. Whether the secular bear market began its continuation today or three years from now, the market will experience a significant drop before the skeptics become believers. Always the same, whether bull and bear market.

 
SCCO
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