A few trades done

I dumped my $20K remaining of NCU. Apparently Pala feels NCU should buy shares in Pala's Mercator Minerals. On first glance, I don't see how this helps an NCU buyout, and (due to past experience with Century Mining) I don't trust fucking Russians - especially ones with corporations located in tax havens like the Channel Islands. So, I'll take my $7000 profit and free up some capital.

I bought another $10K worth of SVL this morning - they're doing a capital raise at $2.55, but it was immediately oversubscribed, and the money's going to take off a hedge, so on first glance and with no DD on my part I think this'll add to SVL's value.

On the Primero news this morning, I saw the warrants were late to move - so I grabbed some at $1.55, turned them around 15 minutes later at $1.70. I'll buy back maybe at $1.30-$1.50 or so, if it gets that low. But we'll have to see the longer-term reaction - I'm not making a decision based on 1 hour of trading! P's advanced almost 200% in a couple months, so I'm sure some people will want to puke and take their profits.

I'm stuck in a TBT position (bought yesterday) til my discount brokerage adjusts my share count for last night's 1:4 reverse-split. I don't see why they have to consolidate at $16, but whatever. The idea of TBT looked good, since JNK and UUP were making moves yesterday.

I'd probably buy a double-long silver at the price right now. Like I said - a good US jobs report is bullish for silver, not bearish. Same for gold.  The problem is, market participants still seem by and large to be operating under the old paradigm - that good is bad (Bernanke won't print) and bad is good (cos then Bernanke will print). Clue in, guys! Bernanke's print button is stuck now. The paradigm has changed.

Man oh man, SSL is taking off! I have $5K in A warrants (which are very liquid) and $5K in B warrants (which are grossly illiquid). A seems to be moving at about 60-80% of the rate of B, so that's okay. These are "leverage" shares, where I buy them so that I don't have to commit as much capital as I would if I'd bought SSL shares themselves. The freed-up capital then makes money elsewhere while hopefully SSL also keeps going up. God I love warrants in a bull market!

Dunno what to do now - I have $20K cash at this moment and feel I should be 100% in. I'll have another $10K when my TBT gets closed out next week.

Maybe I should buy $10K in Alcoa? :-)

In the grand scheme of things, I've now made back all the money I lost since December, and then some. Now all I have to do is make back all the money I lost *in* December - about $60K thanks to those cunts at Regulus. Actually, it was my own fault, since I could have gotten out at a profit days later; but what can you do when you see a position get blown out? Pull the trigger and move on. From now on I'll be avoid fucking explorecos in general - I don't like investing based on newsflow.

Anyway, I'm sure I'll make back last December's losses by the end of this year.

That makes me feel good about myself.