Wednesday, August 22, 2007

Southern Copper (PCU) Chart

I sold my 22 shares of PCU last week, on 8/14/07 at $97.56. I had purchased them on 2/27/07 at $69.57. That's about a 40% gain - too bad I didn't buy more than 22 measly shares. PCU has a dividend yield around 7%, so I might have to buy PCU again before the next ex-div date.

Interesting chart here for PCU. It seems to be running in a downward channel, which began last month. It fell under its long-term trendline, which had been supporting the stock since January. For some reason I think PCU will bust through the channel's roof. I'm kind of hoping that it won't, however, and give me the chance to buy. (click chart to enlarge)

No comments: