Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: cmolinel One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 183  
Subject: Re: It's getting dusty in here. Date: 2/11/2010 9:01 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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.


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Implications of the Ballad of Ted Plotz
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.