Anyone like CUP (amex)?

[mystiky]

looks like it had a blowoff sell on the open and a big runup for the rest of the day on big volume. Are we about to re-test the 5.20 - 5.50 range?

[IIC]

looks like it had a blowoff sell on the open and a big runup for the rest of the day on big volume. Are we about to re-test the 5.20 - 5.50 range?

The runoff elections are this Sunday in Peru...I'd pass...too much political turmoil there right now...Best, Doug(IIC)

[mystiky]

Cup

The runoff elections are this Sunday in Peru...I'd pass...too much political turmoil there right now...Best, Doug(IIC)

Good point. But there is also another intersting thing that is happening sometime around June 7:

Southern Copper (PCU) is expected to present an offer to buy or jointly develop Peru's Toromocho copper deposit by June 7. Southern Copper had said previously that it's considering a joint venture with the deposits' owner, CUP. Also, Reuters had reported previously that CUP is open to selling a stake in the Toromocho project.

There was alot of market talk today that PCU might just buy CUP at around $8 per share.

Tempting...

[IIC]

Good point. But there is also another intersting thing that is happening sometime around June 7:

Southern Copper (PCU) is expected to present an offer to buy or jointly develop Peru's Toromocho copper deposit by June 7. Southern Copper had said previously that it's considering a joint venture with the deposits' owner, CUP. Also, Reuters had reported previously that CUP is open to selling a stake in the Toromocho project.

There was alot of market talk today that PCU might just buy CUP at around $8 per share.

Tempting...

Yeah...it is...But if you decide to go for it...you might consider a small trade...Doug

[IIC]

Hope you didn't listen to me...But I still would not hold over the weekend just in case...Doug(IIC)

[spikefader]

CUP I have featured on my blog. Channel turn up today green lights the intraday pivot long on Monday. Impulsive and looking for 5 waves. Good pick dude.

[IIC]

Garcia is ahead at the polls...we'll find out later today:

http://news.bbc.co.uk/2/hi/americas/5037428.stm

[mooddude]

CUP is my latest favorite. I just sold this stock for 54% profit in four months.

[IIC]

Early Results:

http://www.bloomberg.com/apps/news?pid=10000087&sid=aMBiQ8yD43uI

[IIC]

Looks like it's over in Peru...Garcia wins...should give a boost to PCU and CUP

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-06-05T020215Z_01_N04253401_RTRIDST_0_PERU-ELECTION-UPDATE-7-PICTURE.XML

[peanuts]

Looks like it's over in Peru...Garcia wins...should give a boost to PCU and CUP

http://today.reuters.com/investing/f...-7-PICTURE.XML

Time will tell. I can't believe I never bought this back, Doug... what was I thinking??? I hate regrets. That pooch got a good screwing!

[IIC]

Time will tell. I can't believe I never bought this back, Doug... what was I thinking??? I hate regrets. That pooch got a good screwing!

Too much shenanigans going on in Latin America for me...I made my little 10% and never looked backed on CUP...Doug

[IIC]

You are gonna get a gap here

[IIC]

It was just too risky for me...But:

http://today.reuters.com/investing/financeArticle.aspx?type=mergersNews&storyID=2006-06-06T200814Z_01_N06430711_RTRIDST_0_MINERALS-PERU-SOUTHERNCOPPER-UPDATE-1.XML

[IIC]

Will be interesting to see how this all pans out:

http://biz.yahoo.com/ap/060607/peru_copper.html?.v=1