IKN

drowsy syrups of the world

Trading Post (Cumpleaños feliz edition)

Troy Resources (TRY.to) up 9% at $1.20, which is a bit strange considering the Aussie stock closed at A$1.23 last night. I know that gold has popped over $900 again today (currently 902), but the arbitrage on the Canadian listed Troy Resources gives us an Australian dollar price of A$1.38…that’s way too much, esp considering the Aussie listing is most definitely the price driver. Moral of the story: don’t chase the price, do yourself a favour and buy value.

Cosan (CZZ) up 2.3% at $3.85. I haven’t bought in yet…prefer to fish for something lower around the $3.5 range. Sugar made it back over $15 and sits at 15.01 right now.

Fronteer (FRG) up 5.5% at $2.67. Nice move back over Friday’s highs. Gary says that FRG is “doing well, not yet over bought and significantly, now residing above the SMA 200 along with the SMA 50.” If anyone can translate that into English I’d be grateful 🙂

Now off to eat more cake.

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