Trade: Sold Shares Of CCJ Bought On 8/1, Retaining Core

On August 1, anticipating a looming bounce off of oversold levels, I bought some extra shares of CCJ for $19.30. I sold those for a small loss today for $19.10.

Just adding back cash – the market feels terrible and the extra cream to my position was supposed to be all about easy money.

Added to CCJ Also

Why not?

The numbers were good, and I still believe in the uranium thesis, the risk of CCJ’s management being dicks notwithstanding. I have no evidence of malfeasance; only the hairs on the back of my neck (and they’ve been wrong before, though rarely).

So I added to CCJ at $19.30.

Made Some Purchases

I bought back shares of HCLP and BAS that I unloaded on the run up, as they are both off 10-15% from the highs and we are just a short span away from a bounce.

HCLP reports earnings soon, and I expect nothing less than magnanimous triumph.

Bought Back More HCLP for $59.39

Over the past week or so, I raised cash to 25%. This was good fortune, as HCLP, my mantelpiece position, has dropped 8% since I let up.

Today, I repurchased half of those shares, which I sold at $64.19 each, for $59.39.

It seems like good enough of a bet to me. HCLP is growing so fast… it’s trading at just over 17x Q3 2014 earnings estimates. I have no good way to guess what HCLP’s earning’s potential is over time; but 17x doesn’t seem unreasonable, particularly with a steady announcement of 5 year supply agreements being announced and 200% revenue growth last year. When you’ve managed to get in on the ground floor of such a high flying position, it just makes sense to hold long a core stake, and ride the waves.

This 8% drop is just another opportunity to make extra money, until such time as that logic is challenged. For the moment, HCLP just managed to touch its 20 day moving average for the first time since early June.

Next earnings announcement is in August. So tell me, who wants to stand in the way of this thing?

Sold UEC, SLW, Partial Sales of CCJ, HCLP

This morning:

I completely sold out of UEC (5% cash raise).

I completely sold out of SLW for +5% (11% cash raise)

I then sold down CCJ and HCLP (my two remaining largest positions) until my cash position was 25%.

HCLP remains my largest and most successful position this year, +170% since I bought it last August. CCJ is an idea I remain committed to, but it’s gone nowhere and I need some cash.

UEC is small, speculative, and just asking for a beat down.

SLW was a quick trade, not an investment.

It’s time to start letting off the gas. Because, let me ask you: isn’t this getting a little out of hand?

Trade: Sold Shares Of CCJ Bought On 8/1, Retaining Core

On August 1, anticipating a looming bounce off of oversold levels, I bought some extra shares of CCJ for $19.30. I sold those for a small loss today for $19.10.

Just adding back cash – the market feels terrible and the extra cream to my position was supposed to be all about easy money.

Added to CCJ Also

Why not?

The numbers were good, and I still believe in the uranium thesis, the risk of CCJ’s management being dicks notwithstanding. I have no evidence of malfeasance; only the hairs on the back of my neck (and they’ve been wrong before, though rarely).

So I added to CCJ at $19.30.

Made Some Purchases

I bought back shares of HCLP and BAS that I unloaded on the run up, as they are both off 10-15% from the highs and we are just a short span away from a bounce.

HCLP reports earnings soon, and I expect nothing less than magnanimous triumph.

Bought Back More HCLP for $59.39

Over the past week or so, I raised cash to 25%. This was good fortune, as HCLP, my mantelpiece position, has dropped 8% since I let up.

Today, I repurchased half of those shares, which I sold at $64.19 each, for $59.39.

It seems like good enough of a bet to me. HCLP is growing so fast… it’s trading at just over 17x Q3 2014 earnings estimates. I have no good way to guess what HCLP’s earning’s potential is over time; but 17x doesn’t seem unreasonable, particularly with a steady announcement of 5 year supply agreements being announced and 200% revenue growth last year. When you’ve managed to get in on the ground floor of such a high flying position, it just makes sense to hold long a core stake, and ride the waves.

This 8% drop is just another opportunity to make extra money, until such time as that logic is challenged. For the moment, HCLP just managed to touch its 20 day moving average for the first time since early June.

Next earnings announcement is in August. So tell me, who wants to stand in the way of this thing?

Sold UEC, SLW, Partial Sales of CCJ, HCLP

This morning:

I completely sold out of UEC (5% cash raise).

I completely sold out of SLW for +5% (11% cash raise)

I then sold down CCJ and HCLP (my two remaining largest positions) until my cash position was 25%.

HCLP remains my largest and most successful position this year, +170% since I bought it last August. CCJ is an idea I remain committed to, but it’s gone nowhere and I need some cash.

UEC is small, speculative, and just asking for a beat down.

SLW was a quick trade, not an investment.

It’s time to start letting off the gas. Because, let me ask you: isn’t this getting a little out of hand?

Previous Posts by Mr. Cain Thaler