Sell Stillwater Mining Co. (SWC, $10), recommended by Global Investment Strategist at $23.95 in Investment Digest issue 692, dated April 6, 2011. Editor Roger Conrad wrote yesterday that although platinum miner Stillwater is a good business with a strong balance sheet, he is recalibrating the newsletter’s metals and mining portfolio to focus on “the best of the biggest” metals stocks until the industry improves.
Also sell any remaining position in Molycorp, Inc. (MCP, $11), originally recommended by Global Investment Strategist (then called Silk Road Investor) at $29.02 in Investment Digest issue 684, dated December 1, 2010. Subscribers were advised to take their profits off the table (leaving only the initial investment) in an earlier follow-up in the May 4, 2011, Investment Digest issue, when MCP was trading at $77.65.