I brought my overall cash position to 40% from 45%, bringing CCJ back up to 15% of assets.
Uranium prices are still rebounding and Japan restarts are rumored to begin shortly. I am not missing out on this trade after owning it for so long.
40% is conservative enough.
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Im liking that action boss
ditto.. different stock though… dnn.
are you still in BTU? what do you think of ANR and WLT? will they survive?
I am still in BTU, but following my large cash raise, it is only about 5% of assets.
I have 40% of my book sitting in dry powder, at this time.
what are your thoughts on the other coal names? appreciated
Overall, coal is under attack and the business will likely slow some. Not unlike uranium following Fukushima or natural gas following Chesapeake Energy, one must be very selective of what you are crawling into bed with.
Small companies with weak financial positions simply will not do. Better to play long ball with a bigger, more limited name and settle for the still above average returns that are possible, than try and gamble big and get swallowed whole.