Tuesday, June 19, 2007

FDG - Lighten The Load

Fording Coal has done very well for us, with a move from $22 to currently $31 or 41% in about 4 months.

It is time to perhaps scale back on the position as it shows signs of weakness and could move down to the $25 area.

If in fact it does move to the $25 area and shows signs of stabilizing, it will be time to get back into the stock. Long Term, FDG continues to have some real promise!!

As of now however I would be quite cautious.


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