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Archive for February, 2008

Trading Idea: Dupont (DD)

I’ve written about Dupont and here was my initial entry in January 14 2008. It has since then appreciated 10.4% (about 20 days). The stock is still well positioned to continue upwards.

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Sold Manulife (MFC.TO), PL +1.2% 5 days.

=>ENTRY:2008/02/22-Long MFC.TO at 38.66, stop@37, risk/unit $1.68 (1.2%) =>EXIT :2008/02/27 at 39.14, Net PL 1.2% 5 days
Manulife is looking good but I’ve got the feeling it will pullback to the breakout area $38-39 before continuing up. I will wait for it and re-enter.

A different view:

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Sold Partial RIO (CVRD), PL +9.8% average 9 days

=>ENTRY:2008/02/13-Long RIO at 32.5, stop@30, risk/unit $0.50 (4.9%) =>EXIT :2008/02/26 at 36.19, Net PL 9.8% 13 days
=>ENTRY:2008/02/13-Long RIO at 32.5, stop@30, risk/unit $0.50 (10.9%) =>EXIT :2008/02/26 at 36.03, Net PL 9.2% 13 days

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Bought Cameco (CCO.TO or CCJ in the USA)

2008/02/26-Long CCO.TO @ $37.95, stop loss @ $ 35, risk per unit $2.97(7.8%)
This position offers a bit more risk than usual but I’ve been watching this stocks for quite some time, it’s probably my 3rd entry on it.
Cameco Corporation (Cameco) is primarily engaged in the exploration for and the development, mining, refining and conversion of [...]

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