CUT AND RUN

Hum, UIC appears to miss the earning estimate this morning, and despite strong long term outlook, the near term outlook is not very exciting. Good thing that I trimmed some earlier and I will close my position this morning, just to stay at sideline. There are a lot of profits on the table for this one and it could get ugly. Man it's UGLY! Down almost $12. The stock is priced at perfection and there are so much profits in it that investors will run. UIC will likely be in the penalty box for a while.

XMC also warned and it got whacked pretty hard. It's too late for me to sell here. I certainly have no intention to join the panic crowd. However, I do intend to pare some in the next few weeks if it recovers a bit. The stock remains significantly undervalued, and I believe the chance is good that it may recover somewhat. (Sold my entire position for a loss).

I also trimmed some HBM this morning on this run. I still like this stock. However, I have no idea where the copper/zinc will be in the near future. It has gone up by more than 20% in the few days, and I must to take some off the table. Discipline trumps conviction.

Continuing trimming. Sold CKCM this afternoon at this run here, in front of its earning report tomorrow morning. I do not have sufficient confidence on its earnings to hold it through. More importantly, it could sell off even for a good earning report. I had only very small profit on this one, however, it's still better than loss. I'll take it.