I sold out of my entire MAA stake for $66.74. That was the position I received for my shares of CLP when they were acquired. I feel the need to raise cash and that was a good position to trim.
I also paired back my shares of CCJ. They dropped guidance for expanding the uranium mining. I don’t think it matters – they basically said they’re working to force pricing higher by refusing to mine at these ridiculous prices – however, I think the stock keeps getting beat down. It’s just the way the uranium market has been trading.
CCJ is now 18%, down from more than 20%. Cash stands back at 40%.If you enjoy the content at iBankCoin, please follow us on Twitter