An American Icon...Selling for

1/4 of it's 2007 high....HOG. If you want insanity...check out quadra mining QUA.TO. It's a mid cap Canadian miner with two major properties and growing production. No debt and about $6 Canadian in cash. They are somewhat hedged. They actually have more assets than that. You can buy the company and get two mid sized lower cost copper mines for free.

1/4 of it's 2007 high....HOG.


If you want insanity...check out quadra mining QUA.TO. It's a mid cap Canadian miner with two major properties and growing production. No debt and about $6 Canadian in cash. They are somewhat hedged. They actually have more assets than that. You can buy the company and get two mid sized lower cost copper mines for free.

Those copper mines might be a liability.

IT

I think they are. Maybe the treasury will now make pennies all copper instead of copper plated zinc! Even more amazing is I've seen many insider buys in some energy stocks in mid to late Sep market direct with cash......the stocks are now down another 30 to 40 percent below their purchases. It looks like this even faked out the insiders. Aubrey McClendon would be the poster child.

Edited by Cirrus, 22 October 2008 - 03:07 PM.

I think they are. Maybe the treasury will now make pennies all copper instead of copper plated zinc!

Even more amazing is I've seen many insider buys in some energy stocks in mid to late Sep market direct with cash......the stocks are now down another 30 to 40 percent below their purchases. It looks like this even faked out the insiders. Aubrey McClendon would be the poster child.

I think McClendon is a complete dolt. You gotta wonder how well CHK is being run by a guy who managed to make that type of roundtrip in his personal account, on leverage.

I saw another natural gas company insider who got a margin call the other day. Can't place his name.

IT

Agree about Aubrey. Some people are just governend by greed. He felt, given the energy back drop, that his investment was a sure thing. I was SHOCKED to learn he was doing all that insider buying with margin. He's been in the O&G business for a long time...he knew better. CHK almost went bkrpt in 1998, too. XTO's CEO is another one who was forced to sell most of his holdings near the low (so far)...think Simpson was his name.

they were gunned - anyone can read insider buys at the SEC and do the math. klh