Monster Santa and the Meltup Miracle

 

I figured I’d take some time off from battling economic illiterates and Stockholm-Syndromed left wing Canadians on nature of government bureaucracies to comment on the market. 

The only thing I can say is:  maybe I should do more political blog posts, as it seems to act like Miracle-Gro on my portfolio garden.   And no one is more an example of that than the Ag King Monsanto Company [[MON]] who is kicking down doors and stealing third world children for medical experiments with quite the profitable panache these days.  (Sorry that last was from an E.L.F. brochure I picked up at an Al Gore hedge fund meeting yesterday).  

As a result of today’s ridiculous meltup, [[TZA]] hit my final stop which was $18.30, though my “eggsellent” trading service didn’t sell it for another four pennies.  I will have words for them, believe me.   I always have words.

I also took the opportunity to grab another 100 shares of MON for the Jacksons today at the 10 am price ($81.09), which will get my position size back in line with its former numbers.  Yes, I am buying it higher than where I sold, but what the hell, I didn’t sell it on my “real” portfolio and that should be a lesson to me.  Here I am trying to be more conservative with the Jacksons and all I’m doing is costing you money.   I will try to be more clingy for you in future.

Also at 10 am, I added another $5,000 worth of Thompson Creek Metals Company, Inc. [[TC]] at $14.13 (354 more shares), which will also bring that position back in line with original numbers. I still like Teck Cominco Limited (USA) [[TCK]] here, but am still waiting for a pullback, which has become a wearying excercise. I also like Titanium Metals Corporation [[TIE]] and am adding here at $8.20 to my personal portfolio. Mechel OAO (ADR) [[MTL]] I have mentioned and bot a small amount earlier this month. It is “BTFO” today.

On the PM front, I like Eldorado Gold Corporation (USA) [[EGO]] here, if for only for the fact that it’s lagging, and that I think it will catch up with the crowd. On the fast moving fronts, the silvers are off the blocks again and sprinting ahead. I like Silver Wheaton Corp. (USA) [[SLW]] here, a lot. On the non Jackson front, the juniors are not exactly kicking as much arse as I would expect, but I continue to like their prospects over the majors. All the N’s are good Northgate Minerals Corporation (USA) [[NXG]] , NovaGold Resources Inc. (USA) [[NG]] and New Gold Inc. (USA) [[NGD]] as well as [[EXK]] , [[BAA]] and Allied Nevada Gold Corp. [[ANV]] . Also keep an eye on Nevsun Resources (USA) [[NSU]] and Ivanhoe Mines Ltd. (USA) [[IVN]] . Last of the list, Golden Star Resources Ltd. (USA) [[GSS]] looks nice now, but will look really good on a break of $2.50. As always proceed at your own risk on these little pocket rockets.

I would be remiss if I were to ignore the relative beating the Obama Machine is taking in the polls on this healthcare initiative, and the effect it is having on the prospects of the horrendous bill (mentioned in last post) getting through Congress. I think the alleveation of that impending government blanket on our economy is what’s causing this meltup. That said, the euphoria could be temporary, especially if the Messiah Road Show gets any traction. If last night’s Ramble-a-thon is any indication, I think we’re moving closer to safe ground.

The big insurers are also taking some heart today, with Humana Inc. [[HUM]] , CIGNA Corporation [[CI]] , UnitedHealth Group Inc. [[UNH]] and Aetna Inc. [[AET]] all showing solid gains. I will not buy a one of them, however, until I know Obamacare is dead, and then I might only grab some Almost Family, Inc. [[AFAM]] when I know its safe. Let’s face it, health insurance companies are going to be under the gun for years to come here, and until Congress gets its hand out of their pockets, they’ll struggle within their regulatory environment. You are better off sticking with the inflationary names for now.

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UPDATE: I forgot to mention Consolidated Water Co. Ltd. [[CWCO]] which I am buying here at 16.45 (1k shares, starter). One of the miracles of St. Thug. (Salt water into potable)

UPDATE:  Just bot 1k more The Andersons, Inc. [[ANDE]] for the personal portfolio @ $31.09.

UPDATE:  Just bot 2k more  [[BIOS]] for the personal portfolio @ $6.32.

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