After yesterday’s washout there are some nice prices on offer. Here are just two that we cover regularly here:
Fortuna Silver (FVI.v) at $0.85 and $0.86 right now. I fielded two mails last night on FVI.v by saying it might have a touch more to drop. It all depends on spot silver, of course, but the price right now looks fine to me as a trading play. Once again the target is North of a buck. Get the report to know precisely where my trading ranges are (and to tempt fate I have to say they’ve been working very well so far).
Cosan (CZZ) at U$2.96. I sold them all at $3.71 and feel very lucky to have got out the last batch just before the drop. Sometimes dumb luck plays its part and it does you well to recognize it. Good for the ego control. Anyway, now at the sub $3 level Gary BiiWii finds attractive….and so do I.
Disclosure: I’ll be dipping in both of these stocks at these prices today. Nothing heavy and both with short-term outlook.
UPDATE: I have a bid in for FVI.v but not touching CZZ yet. Now $2.75 and dropping like a stone, I’ll wait and see just how far it decides to drop before making any firm decision.