Re: Weekend poll: What's your high/low purchase price?
in response to
by
posted on
Feb 04, 2012 11:54AM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I'm a big fan of having both a core position and a trading position. It allows me to trade the volatility and creates the illusion of control. Here's a list of my buys and sells since last February. My buy volumes are often larger than my sell volumes, allowing me to accumulate. Adjusted Cost Basis is somewhere around 1.10
Buy 1.44
Sell 1.74
Buy 1.44
Sell 1.74
Sell 1.98
Buy 1.97
Sell 2.06
Buy 1.64
Buy 1.50
Sell 1.72
Buy 1.33
Sell 1.30 ... oops
Buy 1.52
Buy 1.00
Sell 1.28
Buy 0.99
Sell 1.49
I sold some yesterday at 1.49 because I didn't think we would get through 1.50. I will have a buy order in at 1.45 on Monday but I doubt we see this price.