SMM 0.00% 0.3¢ somerset minerals limited

smm and pdn: how ive played it

  1. 5,726 Posts.
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    I sold the majority of my SMM shares for $6.10 and $6.15 this afternoon, leaving me with 83,500 shares, which equates to 50,000 PDN shares to add to my already-large parcel of PDN shares.

    So I've hedged my bets a bit - taken a large amount of profit off the table, and still will be adding 50k PDN shares.

    To me, that seemed to be better than exchanging ALL my Summit shares ( I had a LOT) for PDN shares, which would leave me very overweight in PDN. And I mean REALLY overweight!

    This way, I can add to my AGS, ACB, WMT, and others, and buy a few new ones as well, plus I get to increase my PDN holding by that 50k shares.

    Sweet :)

 
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