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Originally Posted by DOHCVTEC
I got out of Westport at $18 after the rise in Feb, having bought in around $15. I should have held. Hindsight is always 20/20! I'm still holding on to my BLD shares though, which were bought at around $16 during January when the SP was mostly sideways.
On a side note, I bought some LUN at $7.10 on your recommendation, backed by my own DD. I see it closed at $8.33 Friday - thanks for the tip. I'll probably hold until mid next week, however, because when the big boys start dumping their shares LUN will drop very quickly. But that's if FCX doesn't step up to the plate and bid.
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I dumped all my LUN on Friday. LUN put it in a shareholders' right's plan to stop the takeover by Equinox. For takeovers to work, you really need the companies to have the same culture. If you're taking over a junior miner via hostile takeover it would not matter as the mine and culture have not been set, it's a different beast altogether when you have multiple operating mines. At the current price it represents a good exit point.
I don't follow any diamond companies as the whole diamond market boggles my mind - artificial demand and supply.