Possible Investments in IAG and HL

dots Posted on September 3, 2007 , filed under Stocks | Print This Post

I believe the significant expectation of a rate cute by the Fed will prop up shares of PM mining companies. I may look to do a few quick short-term trades on IAMGOLD Corporation, [[IAG]] and Hecla Mining Company, [[HL]]. My updated target buy prices are under $6.50 for IAG and under $7 for HL.

My most recent purchase of IAG was in mid-May, 2007 for 3000 shares at an average purchase price of $7.05. I sold my shares in IAG in early June at $7.51. My profit over the roughly three week period was $1360 or 6.5%, nothing to write home about. I’ve never held a position in HL.

I’ve written about IAG and HL in the past. Readers can use the search function to retrieve previous analysis on IAG and HL.

Add this post to your favorite social networking site

  • del.icio.us
  • Reddit
  • Digg
  • StumbleUpon
  • Propeller

Related posts:

Comments

RSS feed | Trackback URI

1 Comment »

 
Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.