“Stocks are like cheese. The rat will work his way to grab a piece of the cheese with less to no harm.”
9.11.2012
Sept.11 PX-LC conspiracy
I like making stories. Stories of conspiracy is one I am thrilled the most.
Today LC shoot up from 1.13 to 1.25 (10.62% up) in a day with a convincing volume and it's been quite a while already to see such for LC.
Some say if IRR is signed it is directly influential to the approval of FTAA for LC FSE.
Without a disclosure it will remain a good story to tell.
Remember before during the heated issue on Kalayaan stand off where China wanted a piece of the area, same area where PX has an ownership thru PXP. Next thing we knew PXP shoot up to new unimaginable heights from 11.5/sh to as high as 35/sh in a week..triple your money..Any delay caused by the stand off is already compensated by their gains.
Well today for LC may still be considered a rally for a day.
The closing of the Padcal mines of PX is due to the leak and some environmental damage issues. This heated news sprouted coincidentally with the LC run up..
Is it valid to think an angle where PX guys uses sister stocks such as MA/ZHI/LC to be their alternative mining playground to offset some of their losses?
We can see tomorrow if LC will dance like that of PXP before.
-Do not believe this story. This is merely formulating a story to console myself of not getting a piece of the run up, hehehe...
No trades today. Just watching from the sideline.
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