John Polomny's  Instablog

I am selling out my position in the Vietnam Opportunity Fund. I am looking at a round a 40% gain so I am going to take it. The reason is the nervousness I have with the economy in Vietnam coupled with the fact there are issues with getting out of this in an orderly fashion. It can be done with limit orders in a reasonable amount of time but with markets trading at all time highs I think it will be difficult to sell this security if we have a market break. I really do not like what is happening with the economy in Vietnam relative to other opportunities in Mongolia, Myanmar, Cambodia, etc.. I am taking my 40% gain and moving on for now.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Link to press release:

Cortex Business Solutions Inc. reports the following network statistic updates for the month of April 2013. This report is issued by the second Thursday of each month.

Summary

• Since our last report, 4 new buying organizations have been signed:
  • Callon Petroleum Company
  • I-Dent
  • Rock Energy
  • West Valley Energy Corp.
• Year over year, transactions on the network increased 38% from 695,886 in April 2012 to 958,997 in April 2013.
• Total Customer Contracts increased 25% from 7,339 in April 2012 to 9,147 in April 2013.
• 114 new suppliers were added to the Cortex Network in April 2013.
• 51 Hubs are now live on the Trading Partner Network, an increase of 200% year-over-year.

I was a little nervous last month as transactions appeared to be slowing. However this month they are showing 38% year over year growth. This will be a little lumpy going forward I think but as the network continues to grow virally I still anticipate further growth each month. At some point the effects of compounding takes over. Hopefully this will be reflected in a higher stock price.

Disclosure: I am long CTXZF.PK.

Pretty decent report out from BDSEC about imminent settlement between Rio Tinto and the Government of Mongolia regarding the Oyu Tolgoi mine in Mongolia. It appears that the President of Mongolia has directed his cabinet to "speed up actions on ... permits". The Minister of Mines was quoted as saying "Oyu Tolgoi will start exporting in June". These recent developments have not been reported in the western press and the dearth of reporting gives a window of opportunity for speculators to buy shares of TRQ at below the cost of invested capital in the Oyu Tolgoi mine. Once this news gets out it is quite reasonable to expect a positive reaction for the price of TRQ shares. Here is the link to the report. I am buying shares at this level as a speculation on resolution notwithstanding the fact that the copper price is weak as I expect a snap back after this issue is resolved.

Disclosure: I am long TRQ.