I placed an order to sell it at 34.9, but only because I have 7% of my portfolio in copper production related industries. I will reduce my exposure this metal to about 5%.I want to reduce it (after very good gains) because I have heard that Chinese stocks are much higher than the official ones.They would be sittting in free port areas and thus not having been oficially entered into the country and its statistics.It is known that almost all the copper price increase was due to the building of strategic stocks in China. The rest of the world did not increased its demand.China bought it because its price was ridicully low. It would make sense for them to stop buying it now. If that happens it would be panic.So, I try to protect my capital resigning some potential appreciation.Regards,CAM
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra