Re: Thornburg Mortgage has a Sinking Feeling
posted on
Mar 03, 2008 01:34PM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
You know, it's really interesting the McFauld's thing. The rest of the world is going to heck in an hand basket, and SPQ keeps chugging along.
My position in NOT, FNC and PRB went down today; and my SPQ, FWR, and UC went up. Up enough in fact to cover the others. Go figure.
Some have suggested "caution" with regards to the McFaulds' plays. I hear you. Except for NOT, which has had excellent drill results in 2007, we're waiting for the others including SPQ, FWR, and UC Resources. We are expecting some results in the next few months, but it's all still very speculative, folks. Don't fall in love with your stocks!!!
However, I continue to be very bullish on McFaulds. I pulled out a Confirmation order for 25,000 SPQ shares bought at 4.5 cents in November 2007. When SPQ gets to $2.50 I'm going to frame it!!!
Snug
PS: I think $2.50 will be cheap for SPQ, by the way.