I Took The Plunge – No, not off a cliff I Bought HBM-TSX

Posted by Peter Grandich - Agoracom Small Cap Investment

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I purchased for my own account shares in Hudbay Minerals (HBM-TSX $5.78). This is a turnaround story that technically looks like it wants to run to at least $10. The 200-Day M.A. is still heading lower and likely to be resistance but the stock has out in a “classic” rounding bottom. We can trade between $5.50 and $6 but the surprises should all be to the upsiade for the foreseeable future.