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AYSI.PK - Bought more at $1.75 today

08/10/2010 04:02 PM by Dave Pinsen

A relatively rare long mention here: Had a limit order in at $1.75 per share and got it filled today. AYSI should release earnings this week. It might have had a strong quarter, based on its backlog and they strong quarter for its clients in the Aussie mining sector.

Uncertainty about China's economy (and, consequently, it's demand for iron ore) remains a concern going forward. For that reason, I recently bought more puts on BHP, as a hedge against a drop off in China's iron ore demand.

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