Tuesday, August 16, 2011

Sold ZZ @ $1.7608 + Got Into...


... TGB @ $3.4693. Gold and copper junior miner with an interesting balance sheet. First, there's very little debt and a tonne of cash - albeit P/B and P/S are both well above 1. I like the fact that this miner isn't only into gold. The fact that it is based in Canada is even more compelling for me.

As to why I chose ZZ... ZZ was sold at a loss of about 36.88%. Although the % loss is high, the monetary value is relatively low and I'm impatient for price action. I've been in this position for months and all it's done is retrace. Unfortunate... although I did recently purchase a Sealy Posturepedic mattress.


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