I watch the “What you need to know before opening bell segments ” on BNN every morning to get an update on what happened to oversea markets every morning.

It looks like the overseas market took a beating today . There is good and bad in this . The good – I have some cash and it will let me pick up some short term trades . The bad – my existing positions will get hammered . I am okay to hold my existing positions so more excited about possibly picking up some new positions.

Copper market – my daily Bloomberg update email informed me this morning Copper is headed to a bear market . Which is not good . I have a fairly large position in a copper mining company. Every stock price is affected by three factors.

1. Overall market impact

2. Industry specific impact

3. Company specific impact

In my copper mining stock I believe it is currently over-sold . I am going to hold on to my position even through the industry specific bad news . We will see how this call goes .

Facebook- I have a small position in FB and I am going to hold it for now .

LAC.TO – This stock has been trending done for some time and yesterday it jumped about 15 percent due to a partnership agreement. I am going to hold because I think the trend may be reversing. Happy Trading .