posted
Wanted to bring this pick back to the top, possible acquisition agreement by May 28. Traded over $8.00 in the afterhours!!!
jon clogger
posted
I rolled the dice with a small position at $7.25
Hope Monday's news is good and I don't get hosed...
craigl33
posted
looks like a 6.50 mini wall
craigl33
posted
nevermind
craigl33
posted
this is amazing
jon clogger
posted
I'm waiting for $6.40 to buy twice as much and average down.
jordanreed
posted
when did it hit 7.25
jon clogger
posted
It jumped to $8.00 or $8.05 in the after hours last night. I bought some at $7.25 hoping for a little rally first thing this morning, but ended up averaging down right now when it hit $6.40.
craigl33
posted
bought at 6.38, sold at 6.68. good enough for me.
jon clogger
posted
nice move craig!!
It's a little scary hanging on over the weekend because they could come back with absolutely nothing!
Or a terrible deal...
Hopefully not though.
jon clogger
posted
I just found this article on Zacks.com
Patience Always Pays Out: Peru Copper In Exclusivity Pact Regarding Potential Acquisition (CUP) Thu May 24, 11:53 pm ET
Patience almost always plays out when investing in good stocks with great opportunity written all over them. I covered Peru Copper (CUP) here for some time now (a bit over a month), and I was glad to read the following news after the hours today:
"Peru Copper Inc. (CUP) has entered into an exclusivity agreement with a third party in order to facilitate discussions regarding a potential transaction which may involve the acquisition of the Company or other material transactions. Peru Copper, Vancouver, said the exclusivity period ends on May 28."
It continues to state that this metal explorer with a market value of about $702 million might be sold to another party without identifying the other party. Peru Copper rejected an offer from Phoenix-based Southern Copper Corp., last year, calling it ``frivolous.'' I am sure that this time the offer is much sweeter! The stock already jumped 20% after hours!
jon clogger
posted
If CUP doesn't release any news on Tuesday it may still be a really good buy. GLTA!