Bruce Campbell (1)Falconbridge LtdFAL.TODON'T BUYJul 14, 2005
Just ready to report and the earnings should be pretty decent as nickel and copper prices have been very high in the last quarter. Metal stocks have been one of the most disappointing groups in that prices are high but the stocks don't follow through. Won't do as well from now on, based on the price.
(A Top Pick Aug 25/05. Up 124%.) Had chosen it on the expectation the nickel market would tighten up, which it did. Now looking for junior companies with producing assets.
(A Top Pick Oct 19/05. Up 84%.) Was incredibly cheap and thought he could make a good grinding rate of return. He also hoped that the nickel market might get tight. Was taken out.
The chance of them not getting taken over is almost zero. If you own, you might consider taking some profit now and holding on to some and see what might come out of the woodwork.
Given that the market thinks there are 2/3 bidders out there, if you own you may be playing around with the last couple of dollars. Consider selling half a position.