Q: Sell Petro Canada (PCA-T) and Inco (N-T) in order to get cheaper stocks? A: They both have short term events, but actually have great growth projects. Both companies are going to look terrific 2/3 years from now. Commodities are going to be in their favour and long term growth is in their favour.
Doesn't think there will be in it further offers on this. If you have an alternative investment you could go into, he would consider selling at this time, otherwise just hold.
Thinks the most likely thing to happen is that Teck Cominco (TCK.B-T) wins. You are now playing for the last little bit and if it is a large percentage of your portfolio, consider taking some profits.
If he owned, he would probably hang on until the outcome became clear and then he would get out and would not except shares from the acquiring company.
There may be a little bit more fight left in both bidders to push the price up but not sure it would be much of a gain. Would prefer going into a mid-sized company such as First Quantum (FM-T) or Anvil Mining (AVM-T).