Wednesday, March 24, 2010

Quadra Mining (QUA:TO)

Quadra mining is looking very attractive in the 16.00-16.50 range. After the FNX mining takeover announcement, this company is even more attractive than ever. Based on the earnings released two weeks ago, this stock should be trading in the $25+ range. I really don't know what else to say other than buy QUA right here right now. Buy a 1/3 position right here, get another 1/3 if it goes into the 15.50 range, then another 1/3 if it drops to the 14.50 range (I doubt we get here but you should be prepared regardless, QUA is a very volatile stock).

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