Uracan revealed with the 7 tools of the trade.

Before you inspect the chart... you should not expect to see obvious signs of baboon dart throwing or intuitive voodoo insight other than it may take a bit of practiced focus to peal the banana.

Uracan revealed with the 7 tools of the trade (compliments of Investopedia.com)

What a chart predicts is "SQUAT"..... Being able to accurately qualify the real speculative fundamentals and relate them to market motivators allows a chartist to speculate the potential price movement outcome of relative conditions which are measured by the various indicators involved.

Playing small caps and juniors is playing the sentiment of price movement motivated by fear and greed.

Using charts indiscriminately against everything and all stocks is what defeats budding chartists who regard the chart in itself as an Instrument of Voodoo.

Target your choice of stock with care or you may be eating your crystal ball sooner than not. Broken glass is painful to the pocket book.

Let me do some Voodoo gorilla charting..... I have added an eighth indicator StochRSI(14) to read the RSI(14) for dip picking up trends.

As well I have added a ninth indicator, or rather a modified StochRSI Set for (140). This indicator at that setting has demonstrated a consistant habit of associating with an up trend when it starts to move above 80. A strong fundamentally speculative stock in a strong market showing a strong StochRSI (140) has a better than average chance of hitting new highs or continuing an uptrend where swings on spikes can be made and using stochastic or MACD buy signals on dips make dip picking a good possibility of being successful.

I have placed the Slow Stoch(14) default directly above the Aroon (25) indicator because this presentation shows distinct buy signals as the indicators move from overbought to oversold in opposite directions forming a squeeze or pinch of their moving averages, resulting in narrowing easily visible, so provided that fundamentals and motivators are lined up with market timing, it can be good opportunities to enter as demonstrated.

Good trades in speculating price movement are not guaranteed but very much increased.

It also helps to make sure you are using targeted stocks that are being promoted by respected and time tested promoters.... in this case.. Uracan is receiving good press from The Midas Letter among others and is relatively low in price compared to recent pops pre tax selling and pro financing pre January effect.

The chart on the end of this link is going to mean many different things to different people, however, with what I have presented up to this point, I see 5 buy signals, two positive divergence indications... OBV Acc/Dis, and two topping indications just entering the pop stage. (bullish)

Under normal circumstances, a couple of months ago, if I saw this same chart pre all the Market Motivators listed I would not be as bullish as I am now.

There is no prediction, only calculated probability that needs to be verified. I have made a trade, and now look to .28 to .30 cents as my mental stop which if triggered... should the January effect, which is my kicker, fail to move the price emotionally. With relaxed tax selling on strong fundamental considerations within the month of January, triggering my mental stop will make me very alert for any bad news to cause me to abandon the trade with as little loss as opportunity presents. I'd rather keep most of my money than fall in love and live to trade another day.

I have selected a specific time frame to freeze the chart so that the commentary will not degrade as the time frame moves forward.

Uracan revealed with the 7 tools of the trade

7 tools of the Trade (compliments of Investopedia.com)

This link Uracan.V leads to Kenuck SmallCap Trader Pick# 4... Uracan.V... Login (123)... Click Pick# 4... scroll down and look over the chart selection and see the action by checking the links in order.




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Let's speculate on Uracan

Then we will practice discipline.. First the fundamentals and market motivators applicable:

Uracan has 40 million pounds Uranium NI 43-101 open pit low grade. This is solid.

Peers will have a hard time making a decent comparison when it comes to justifying their price at much higher levels... Uracan is speculatively way under valued for 40 million pounds uranium NI 43-101...

It appears Uracan has suffered and survived a consolidation during the recent closing .30 cent floor of the financing during tax selling. Charts and Level II show it clearly now...

Uracan is moving into the January effect undervalued. The January effect can have some powerful influence generating solid gains if strong fundamentals exist.

Uracan has no potential financing in the short term to undermine an overbought price... The price is oversold if looking at Stochastic.

Don't use StochRSI to make this determination. StochRSI only gives overbought, oversold, for RSI surfing the middle road. StochRSI is a dip picker on rising trends.

If we look at a long term chart back to 2007 we can see .30 cents is a resistance level that has been broken on two previous occasions which is very well positioned to act as a support level considering the recent financing and yearly timing and low price relative to the near term. Long term chart history is likely irrelevant.

Moving to a fill the chart setting which is more representative of today's fundamentals.... not being too concerned LONG TERM Looking back about anything other than identifying the resistance support level in step with today's Financing, January Effect and Tax Selling Market Motivators.

The float may give some concerns about a reverse split, but in this case my experience is, that the recent financing belays that concern for at least a year, and if you look at successful juniors moving into producers, reverse splits are not common with a NI 43-101... research on the probability of being a legitimate threshold for 40 million pounds low grade surface for a profitable uranium mine is quite impressive... If they had nothing but empty promises, I would be concerned. It will take some bleak news to go there (RS).

140 million shares fully diluted is workable and the warrants and options are priced higher and if news remains good they will be funding for real growth if the market motivators line up... there are numerous examples but that is for another time.

The only concern is where the warrant/options paper hits the price will be a slow down of price increase

The unanswered question is... Is the demand greater than the supply to make a trade now, and does anybody care? We are not bottom picking, as a bottom has already placed, what we are doing is double bottom picking a rising low.

We consider how much we can afford to lose and we set a mental stop of that amount, and if the price movement triggers this loss, then we implement a strategy of exit we have determined.

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7 Tools Of The Trade

Every once in a while we run into a well put together demonstration video presentation, or just a slide show relating to Charting, and for this trader, I'm always impressed by something that mirrors my own thoughts and experiences, especially when it is already done, it saves me a lot of work trying to muster some type of explanation on my own to give insight to my own style.. so as to allow a person who is attempting to break into Charting, get a gorilla understanding.

This presentation has a well chosen set of indicators and some really good analogy in how to use them..... a good choice of articulate wording and some true insight into simplistic usage and interpretation.

7 Tools Of The Trade

You can search for months looking for insight and I think you should always experiment on your own, however, 7 Tools of the trade is a gem.

Having said that, comes with the understanding that for some people, this is a difficult subject, so simplistic even in this case works better with an example... which leads me to the next post.

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A Uracan look into the pipeline

Uracan.v

Over the last two months there has been little to post about for Uracan.V

Starting about Dec 23, 2009, the open bid ask spread on Level II started to show some accumulation, and release from tax pressure selling, and the resulting action has been an open at .30 cents with the bid sucking up the ask leaving a gap of 1 to 2cents between the two. Skirmishes on volume at .31 have been etching some nice looking positive divergence in a short term rising wedge formation chartwise in one of the charts I frequent. Approaching the apex into the January effect suggests a breakout with a good chance it will be upside.

Pick 4 Uracan.V

If your into speculative stocks with peers of lesser fundamentals pricing into .60+ then an eventual move to breaking our last high of .48 seems not too far off into the January 2010 effect... a move of 100% is not of the ballpark

Overall... trend is ranging, but considering this recent report out from the Midas Touch...

Cameco-points-the-way-for-uracan

This says it all, and when I stumbled upon the read, I was surprised to see how much it echoed my own thought about Cameco, and was grateful to be able to post a link to a far better accounting than I could muster.

Speculation speaks for itself (amongst other peers) with Uracan into some 40 million pounds in the ground for a price like this (.30) in safe water Canada.

The following video will help to bring a speculator up to speed. Make no mistake about it, I only present this embedded video as a supplement to better give a visual picture not to sway you, but to give you a grasp of the promotional cycle just beginning. Charting as we do it says the cycle is in positive showing. Add in a National Instrument (NI 43-101)... and it just gets better. Believe it or not, momo is not about the promotion, but is made up of speculators who look for the accumulation by charting and a vast amount of momo traders have absolutely no awareness of the fundamentals and even this video. Being able to trade the momo successfully means knowing when the stock price is low relative to what the momo can produce. Also knowing the last financing shuffle is out of the way for the near term with out fear of a Reverse split adds more weight to the trade.




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URC.V

One concern is the flow through shares portion, which could begat some selling...

A cut and paste to consider and a link to the source...

Fund Selling Creates Opportunity for Uracan Investor
posted on Jun 03, 09 12:06PM

midasletter.com

Fund Selling Creates Opportunity for Uracan Investors
By James West
MidasLetter.com
Wednesday, June 3rd, 2009
Flow-through financings, where Canadian investors get to write off the equivalent amount of an investment into eligible Canadian mining and exploration companies on their taxes, are both a blessing and a curse. They have become a fixture of the junior mining exploration industry in the last 25 years.
A blessing, because when markets cramp up (like they did at the end of 2008), many companies who needed capital at that time would have been more likely to shut their doors if it weren’t for the flow-through funds who were the only game in town for financing at that time.
But they are also a curse to the companies who accept financing from them, because they are notoriously indiscriminate sellers when the hold period comes off, and they liquidate their positions to lock in a 100% return on capital, even if they sell the shares for what they bought them for.
That’s because the profit doesn’t come from an increased share price – it comes from the tax benefit. So for investors in flow-through funds, they are participating in a tax-optimization product, not an investment product.
Uracan Resources (TSX.V:URC), a Canadian uranium exploration company specializing in near-surface, low-grade bulk tonnage deposits in Quebec, has recently experienced first hand the selling pressure that comes to bear when flow-through funds decide to exit.
In November of 2008, with capital markets completely frozen due to the financial meltdown, Uracan raised CA$5.69 million, of which $5.44 million was done by flow-through funds. The four month hold period on the shares issued for the cash expired during the period from February 25, 2009 to March 22, 2009.
Despite a 400% increase in average daily share volume since that time, Uracan shares have fluctuated in a range from $0.18 to $0.38. Investor buying interest is consistently met with flow-through fund sell interest, and the stock is therefore restricted from breaking out to the upside.
Uracan currently has a 43-101 compliant resource estimate of some 40 million pounds of Uranium, and continued drilling success is clearly going to take that number much higher during the next calculation. Although the grade is low compared to Saskatchewan’s Athabasca uranium production operations, the fact that it is in Quebec close to several major nuclear power producers gives the company an advantage when it comes to shipping.
The company also continues to expand the area of its deposit, and has made some new discoveries which dramatically enhance the potential for share price appreciation.
And therein lies the opportunity for savvy investors with an appropriate tolerance for risk. Willing flow-through fund sellers gives Uracan investors the opportunity to build a substantial position in the company at a fixed and relatively low cost compared to other explorers with similarly established resources.
Some investors are wary of the low-grade nature of Uracan’s deposits. It is important to consider the fact that both Tom Garagan and Clive Johnson, two of the company’s directors, previously held senior management positions with Bema Gold (now a unit of Kinross Gold). Their expertise was in successfully establishing production at Bema’s low grade gold mines. So there is ample in-house expertise to shepherd the company into production of low-grade assets.
Once the funds have stopped selling, what is there to drive the price of Uracan upward, you might ask.
One need only peruse the press releases since the beginning of 2009 to see that the funds raised at the end of 2008 are being transformed into shareholder value through exploration success. And two recent transactions amply demonstrate the interest major Uranium producers have in the acquisition of large, low-grade deposits in politically stable jurisdictions.
In 2007, Areva, one of the world’s largest nuclear power integrated companies based in France, acquired the Trekkopje Uranium Deposit in Namibia for US$2.5 billion. That deposit contained 239 million pounds of uranium at a grade of only 0.012% U3O8.
And in November 2008, Forsys Metals (TSX.V:FSY) was purchased by a private company in Africa for CA$579 million, equating to $7 per share. That deposit contained 51.4 million pounds of U3O8 at a grade of 0.012%, identical to Uracan’s grade for its 40 million pounds. (Forsys actually has a lower cutoff – 72 ppm vs Uracan’s 75 ppm) So there’s little doubt that interest will grow in Uracan’s deposit as it increases in size. And Quebec is a much easier place to do business and build mines than Namibia.
In fact, Uracan’s properties in Quebec are (in the case of the Double S deposit) less than 20 kilometers away from a proposed brand new hydro electric project to be built by Hydro Quebec, one of the least expensive vendors of electrical power in North America. That in combination with paved highway access to deep water ports along the St. Lawrence River, and plenty of water, make the location of Uracan’s growing resources extremely attractive.
And Uracan’s 990 square kilometer land position with its multiple deposits and blue sky exploration potential means the likelihood of additional discoveries is good. On its North Shore property, uranium mineralization continues at depth and along strike.
So yes, flow-through financings can bring unwanted negative pressure to bear on share prices, but when the funds they provide transform the company into a bigger and better takeout target, the short-term misery is well worth the opportunity it affords relative to the bigger, long-term picture.



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URC.V

Some good news showing up and as luck would have it the market is thin, giving those who would, a chance to get some of the action without chasing... not as much as they might have otherwise.

The financing is good as it is a gorilla concern that is now out of the way...

..30 cents and options at .50 not bad for room to move up on a Santa and Jan effect.

Between now and then I would be a buyer under .31 cents on any pullbacks, and it is a good possibility.

Here's a cut and paste post off the Uracan Agoracom.com BB...

Highest grade uranium for Surface Deposits – Uracan
posted on Oct 19, 09 08:48AM
The highest ever uranium grades I have ever seen reported at a surficial uranium deposit were released yesterday by Uracan Resources at Grandroy zone of their North Shore Property in southeastern Quebec, Canada.

The company had results from two Grandroy holes – one that was 5.4 meters of 0.213% U3O8, or 2130 ppm, (parts per million), and one that was 4.5 meters of 0.194% U3O8, or 1943 ppm. This equates to 4.3 pounds per ton and 3.9 pounds per ton respectively.

Surficial uranium deposits are the type of geology found in the Namibian uranium deposits, such as Paladin’s Langer Heinrich mine and the giant Trekkopje deposit that Areva owns. (All the different types of uranium deposits and some typical grades can be found here: http://www.world-nuclear.org/info/inf26.html).

The Langer Heinrich mine is one of (if not the) highest grade surficial deposit in the world at 800 ppm. Trekkopje’s uranium grade is about 140 ppm, or just under one-third of a pound.

Uracan’s results from Quebec are two-and-a-half times that of Langer Heinrich, and four times higher than the other Namibian surficial deposits held by Extract Resources (EXT-TSX) and Bannerman Resources (BAN-TSX), and 15 x that of Trekkopje.

Underground deposits have reported higher grades, but they are a different style deposit. The technical problems surrounding these deposits are helping push up uranium prices. Cameco has still not resolved issues surrounding its Cigar Lake deposit in Saskatchewan, and BHP’s Olympic Dam mine in Australia is reducing uranium output by 50% for six months as it repairs a main mining shaft. Olympic Dam produces 7% of the world’s uranium.

Uracan says drilling can and will go year round, and at only 50 m depth per hole, the drilling is fast and inexpensive.

The Grandroy zone is 7 km north of the company’s Double S zone, which host a resource of 154.9 million tonnes grading 0.012% U3O8, for a total of 40.7 million pounds of U3O8.

Keith Schaefer
Vanguard Shareholder Solutions Inc.
1205-1095 W. Pender St.
Vancouver, B.C.
V6E 2M6






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Where's the October crash?

My own watch list is showing a lot of churning, but I must admit I'm getting that, going to miss the rally feeling. Expectations of an October disaster have so far been elusive.

Paladin is being tossed around because of ides of October, however it remains steadfastly in a medium term up trend according to my charting... though the whipsaw in this ranging consolidation is considerable and measurable in runs of .80 cents either way.

Looking over Paladin from many angles, and different studies leads me to suggest any hard dips will most likely be a good entry. A long term reversal pattern is just emerging. It is safe to say we hit bottom at 1.50 and any serious pullbacks would be greatly welcomed.

Paladin is streatching out in a symmetrical triangle above, and horizontal on a collision course with the 200 day average... which will likeky provide a potential solid, level of support, and further elevation of the price in a perfect world, especially if the tax season depresses the share price long enough to be in line for a Santa or Jan. rally.

For long term this is a hold IMOP, swinging is day trading during this consolidation.

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URC.V

URC.V has 40 million pounds and expanding.

Uranium as a realistic project requires approximately 40 million pounds (from conversations I have had with other investor relations departments that toss this number around) in the ground, and from the research I have done, if the project is low grade, then open pit, opens up the possibility big time... if the uranium was at depth and required shafts, then a higher concentration would be desirable.

If the pounds were spread out around the world, then 40 million pounds would be misleading. For URC this is a consideration relatively safe to ignore. The double S drillings are about 200 meters apart.

There are good arguments that low grade is viable and so, consider Paladin.

Consider safe environment.

You need money to operate so...

Financing at a premium or discount is a gorilla consideration because the market follows the financing differently in different settings of a broad market.

This market is great bear rally IMOP and looking for a stock long term that can survive a bear rally is not an easy task.

When a company needs to finance operations it is best for investors to be aware of the real potential of the type of financing and whether it will come in above or below the current share pricing, and as that is a function of the market and fundamentals and need of the company and the protocols of the financier, it can be hard to predict pre-financing.

This consideration is not a function of fundamentals as much as it is powered by sentiment, however if we can factor in fundamentals of good speculation, then it becomes a tool that we can use to position ourselves.

URC needs to finance, but the wiggle that it will cause should be minimal if the current price is low as it is now
A good news release and subsequent financing at higher prices should move the price up considering the fundamentals of URC IMOP.

Presently I'm doing research gorilla style, looking for something that fits my profile of long term.

Identifying the motivations that are causing the price to be what it is will answer the question "How come the price is so low"?

I do have a position under .23 cents and am looking to add on weakness.

I will be posting more gorilla considerations in the next few days and updating commentary in the public chart list.

Charting suggests a breakout to the upside soon and along with Level II observations, this is looking particularly bullish.

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Uranium

Both are languishing and taking downward selling pressure, so caution is advised and buying the cusp is the only choice at this point.
Keep a watch full eye on KIV.V as a bottom pick ready to make a 30 to 100% move in a Santa Rally or sooner.... all it needs is some momo... Support appears to be .155 with some bullish gap between the bid and ask.


URC.V by most gorilla standards is making me scratch my head , but is showing some accumulation and for good reason.... put it up on your Level II...

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Three gold stocks breaking out

SGC.V
TMM.V
CSG.V

This is short notice and at a time of the worst entry in terms of the upcoming tax sell off, but recent momentum suggests all 3 stocks will register some type of gain over the next few weeks. Buy the dip or average in is my strategy

SGC.V (has been consolidating a continuation move off an already great move) and appears to have the best chance of a superior pop with a tossup over TMM.V (has been consolidating a continuation move off an already great move)with CGS.V trailing (has been ranging)as the one in the earliest stages of movement.

Touching silver..... the poorman's gold

FVI.V is an extremely bullish chart and with a great bank account, Level II suggests the recent consolidation is breaking to the upside. The consolidation in the price area of 1.38 to 1.59 was a nice pop in itself from under $1.00, however continuation patterns are developing, so I am now buying the dips and/or averaging in.

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CXX Uraniumletter PDF

This is a pretty good summary of what CXX is all about...

Very detailed and from the good action off support at .185, suggests that buying low is still possible... I think the target of .50 cents will be easily breached; however, hindsight is always 100%.

From a gorilla trader’s perspective watching the Level II action and recent charting activity connected with the recent pipeline suggest that CXX is setting up for a longer move with dips and swings.

Crosshair PDF




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CXX.TO

CXX appears to be making a move... slow but, still, is building some upward pressure on the latest news releases... I like the low price and the appointment of the new Chief Financial Officer and his incentive stock options at .19 cents... along with the preliminary Bootheel resource estimates... there is lots of room to surprise, and then, the CBM project in Labrador with it’s currently defined 4 resources zones is a nice plum in a potentially hot area.

There is talk of going into production in Wyoming ventured with UR-Energy. I quote..

"Bootheel, is located in uranium mining friendly Wyoming and with its in-situ mining potential, Bootheel is designed for near term production. The Project is ventured with Ur-Energy, who bring with them additional management expertise to put Bootheel into production. The CMB Uranium Project is located in Labrador, Canada and has four currently defined resources - C Zone, Area 1, Armstrong and Two Time Zone. These assets fall outside of Labrador Inuit Lands and are therefore not directly impacted by the Nunatsiavut Government's decision in March 2008 to place a three year moratorium on uranium mining within their self-governed Labrador Inuit Lands. The Crosshair team is comprised of knowledgeable and experienced professionals with both exploration and mining backgrounds".

Level II is showing nice calm movement with strong support at .185 and the price has been slow due to the doldrums, however I can see the bulls getting a little antsy

There is some sizable asks on the block, but sometimes you have to think of them as a gift and be thankful these particular traders are putting them there so you can take a low position. There are those traders who will be intimidated by these asks, and they are the gas that takes us to higher prices as they chase.

A buy under .22 cents should prove to be profitable at some point. This is a good candidate for 100% or better from these levels and a break over .30 cents could turn into an extended run to resistance at .85 cents.

Charting indications are very suggestive of a rising trend.


I have posted an updated chart in the favorites:
StockCharts Public Chart List





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TKO.To

Is a Grandich pick.

From my charting I'm seeing a bounce that may take on a major reversal and head back to 5.00.

I have taken a position and am going long with a stop at 1.85 for the downside, but recent Level II suggests a breakout over 2 is taking place on volume.

The difficult thing to crystal ball is the large float which makes the level II hard to read.

However, if you move to daily renko charts the trend seems to be moving into an upward swing as the bulls take over.

I will be adding some commentary to the Public list... The strategy is to buy the dip if it moves under 2.00 to 1.80 but soon the dip may be just above 2.00.

This may develop into a longer hold and I'm presently entertaining a target on a break over 2.25 will eventually put a swing in at bout 3.00 to 3.50.



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VIX

The VIX is a contrary moving indicator, and is a staple to get in the habit of watching, but for our purposes we try to pick stocks that will not be affected by any reversals, and in this case the doldrums.

VIX

The Vix has broken it's downward trend line, signaling the spring ralley may have lost it's legs and in doing so our favourite hot pick PDM.TO has made a super dip that appears to be getting it's legs back for a reaction bounce.

WE can't predict anything, so we wait for the market to tell us what it will do, but we think the market is going to bounce PDN soon, and we are very concerned about the the possibility that the doldrums, and the very important heavy resistance at $4.50 will give us some ranging motion before an eventual breakout. If we catch the bounce, we are looking for a swing at each end of the range. In some of our studies, the major reversal has not appeared yet, so we may face a consolidation of significance if we move to a ranging price topping at 4.80ish, be cautious.

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BQI

BQI is moving and ready to take a run to 1.50+

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CXX.TO still moving and ready to rise

I can see steady buying on Level II... we have some back fill, but for an explorer, the price is still low and demonstrating a rising triangle pattern... The doldrums have not yet had a chance to flame this one out IMOP.

Considering the low the markets have hit, I think go away in MAY is likely not going to be a large risk factor in low price issues (cxx.to) that haven't made their move yet.

Some updated TA StockCharts Public Chart List


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BQI

Technically BQI needs to break above 1.20 to 1.25 and the pressure and indicators suggest it is preparing to do so... If it should fall back, indicators suggest a buy the dip strategy StockCharts Public Chart List



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DON.V

When it comes to the Summer Doldrums, I like stocks that are still low relative to the gorilla fundamentals that can be market motivators. In Don's case this is a major factor that causes me to continue to hold... stocks with these fundamentals that are low volume, and sleeping, offer lower risk than chasing hotter prospects that have potential to sell off in the doldrums. I like stocks that run and sell off in the doldrums, so long as I have had the good luck, and skill to buy way before..

While it is hard to predict when how much of the crowd will move in.... or even if they will... I see plenty of level II evidence there is a growing pack of traders gaining more confidence and the price is back filling quite predictably, and over time the price has moved up on those rising lows of the back fill... I have a Globe investor chart that I have used for ages that uses a 3 line crossover and the 20 day average has been traded over for about 4 months and sits at .165 which would be the optimal buy in... A bit to late for that, so if I extrapolate the line, it sits at about .185 as of today and the new high of .22 cents.

At the same time risk is extremely low considering the level II qualities paired with the TA. If you look at a chart you can see Don's history has met with resistance at .60 cents, however this time I think we have a good chance to break it.... JMOP




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WIN.TO

I see a lot of volume, but churning describes the action

WIN.TO is moving against the tide and it appears to want to move up more.

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DON.V

DON.V technically looks like a stock on the rise... It has popped and fallen back to support(.17)... although it appears to be slow, it is probably one of a few good low risk summer picks for a move that may last into the fall or longer, and it is possible to see 100 to 200% at some point in a relatively safe price range. Anything above .80 cents may be construed insanity and insanity may be justified at the time.

Fundamentals are good... As I have said before it is just a case of more interesting possibles elsewhere, however 10,000 shares under .20 cents preferably under .19 should see a double at some point. This pick remains in our pick portfolio because the price to the fundamentals suggests good potential in a moment of insanity, however compared to some other juniors... even without the insanity, Don is a solid gorilla play.

A cut or three above a poker play as with all Juniors with good speculative fundamentals.


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Can you see it? Market Move

I'm seeing the volume but the price move is stale, this last week of May going into June has traditionaly been hard to play unless you go for stink bids.

GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

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ATW.V

Grandich puts a positive spin on the non-delusive financing and I agree, but the ramp to the high of .85 was likely a financing leak.

As far as market motivators go, my thoughts on the financing liken it to hedging, and hedging will likely have a bad impact short term, but, short term, after the price settles,... long term... this should be a solid bet for some type of safe play.

She's a hot watch for now. As with all financing, there is usually selling as the financiers close out old positions to make new money. The public can get caught up in this move and weak hands can get washed.

GLTA Lostoutwest
Kenuck SmallCap Trader

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LGO.V

Poker play strategy, for entertainment only.

LGO.TO is bullish and the best way to enter the fray is to bid .095 or even .09 for a period of week maybe more, don't enter the bid on a daily basis.

Entering the the bid with a weeks expiry will let you creep up the huge bid to the top of the pile as those who do the daily thing expire and re-bid.

This approach cuts risk and is absolutely necessary to preserve buy low. Don't chase.

Buy under .11, you can get .10 if your willing to be more risk tolerant.

GLTA Lostoutwest
Kenuck SmallCap Trader

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BQI great TA oversold and rising?

This the third of three, of which, and the preceding two mentions are potential takeovers of which BQI is the lowest and best positioned for an entry based on TA.

On the American

The buying range appears to be in the .80 to 1.00 area, however recent trend analysis and level II observations suggest this window may disappear soon.


GLTA Lostoutwest
Kenuck SmallCap Trader

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CLL.TO

Takeover potential

Update soon after some research, TA, and level II

Just out today... Huge dilutive financing is bad for short term and TA suggests lower prices... If things went to .60 cents and hard to say if they will I might be a buyer.

Long term what a gob of cash.



GLTA Lostoutwest
Kenuck SmallCap Trader

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UTS.TO

Takeover potential

Update soon after some research, TA, and level II

GLTA Lostoutwest
Kenuck SmallCap Trader

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WZL.TO

Level II shows a decidedly bullish upside gap between the bid and ask and there appears to be active accumulation. The trend is up, but volume is down making this a slow move, patience will likely see as much as 50% from here. The quarter was good but down and a recent issuers bid has been in affect. Both releases are market motivator type influence and WZL.TO has responded well.

There is no sellers to speak of and the price should drift up slowly, the only caveat is the doldrums. The lack of volume is good in that if it picks up, WZL could make a quick move.

Shares Outstanding are approx 30,000,000

Until then the move is slow where a bid at .99 or 1.00 would be the desired type entry. Don't chase.

GLTA Lostoutwest
Kenuck SmallCap Trader

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WZL.TO

Wenzel Downhole Tools Limited

I haven't had a chance to really look over the fundamentals but a quick glance shows low float under 25,000,000 if I caught my read right. A decent 1st quarter and a good looking chart very early in a position to breakout, low volume (good).

I'll add to this commentary over the weekend.




GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

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Bear and bull markets

Here is an interesting blog on statistics:

Seven signs the economy is in repair
everydaymoney.ca

Market recovery - The early bird catches the worm



GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

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CBCnews


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LGO.TO

I have an average in of .08 cents (I swung)for a break even, I started at .095 sold at .115, back in at .10 - 2 cents profit = .08 average not including commission, and feel reasonably safe to wait for another pop. it is also quite reasonable that the next pop will be more stable and hold as the weaker poker players wash out. This means that I will be doing a short term long hold if you can follow the drift.


The sellers at this level comprise of two types:

1. People who think the ride is over, and are moving on and,

2. Some Level II action that looks like to be manipulation to pop it again.

The bears are going to have to blast away over 2 million shares to get to me (it could happen), and, at that point, more will move in(the bids are much smaller lower), and even if they don't, the bears will most likely let it rise to be better size bid lots if there is manipulation.

A dymnamic of support busting is that, small bids tend to sit as the bears wait, fearing to drive the price down, and the contraire is that, the bulls see it as evidence the down move is over, so they hit the asks from the side, and drive the price back up, the bids rebuild, bolstering confidence... If the bid...to...ask spread moves to the upside, even better.

Penny plays are all about fear and greed.

We also have some good looking TA showing at least for the short term, this issue is cycling up and should continue to do so. I still think .20 cents or more is quite possible due to the extermely low price and bullish market setting in spite of the doldrums.


GLTA Lostoutwest
Kenuck SmallCap Trader

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So Far so good

I have 1 pick today and it is a Grandich pick... ATW.V... a producing gold mining stock.

Peter's picks are well followed, and in all my years I can say per my experience, that he is followed more than any other guru (when it comes to small caps) than any other source.

He is gorilla simple, and on occasion when issues have failed to live up to speculation, he is critical and timely. Those that are novice and chase the spike often blame Peter for their own lack of discipline. They get left holding the bag waiting for the consolidation without enough seasoned patience to have avoided the wait in the first place and to last the time (consolidation)in the scond place.

It is also a sound practice to play in a bullish setting where any dart throwing monkeys can score a hit.

The trick to playing with Peter is that you must not chase the picks on the first release, unless by luck, as is in this market, the release for some reason does not jump, which is most likely due to the fact of caution on an already good bounce.

I like to technically analyze his picks because it has proven to be rewarding.

The shares often react well to buy and sell signals.

I have posted additional comment at StockCharts Public Chart List

GLTA Lostoutwest
Kenuck SmallCap Trader

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Volatillity

Both the TSX and the Vancouver have literally cemented indicators, (indicators have narrowed, along with candles, are shorter... indicating more stable intraday pricing) as opposed to the past volatility... which is good, and can be a bad thing when you see this display of narrowing.

Narrowing is a foreshadowing of change.

As for being good, it suggests a continued rise but the caveat is, when will the broad market bulls change camp? I suspect a lot of bears will be bulls when the shoe fits. I think a lot of bears who have changed camp will play the downside when they get the chance.

Undeniably, there is still a lot wrong with the economy that has yet to surface and with so much novice cash changed hands, (there is not much novice money to move in)it will likely be a market where professionals are playing professionals, and that kind of poker is sharp and calculated.

It is time to hedge some profits.. and buy the pullbacks...
Definitely consider some profit taking and frame an exit strategy in your mind....

This is a general scope of thought and certain individual issues if not over bought, may buck the May go away and impending volatility of the doldrums.

Caution should be ramped to a yellow alert LOL. Protect your bananas.

If you see some broad major spikes, think of a broad market top and a bullish consolidation shaping up for a swing and a reload.

The time frame, depending on what your into, is from here to the end of June and the closer to the end June, the more attention you should be paying to your holdings for a move to cash.

Holidays equal a very quick grinding halt to licensing issued by governments for projects,,,, Everybody goes on a two week vacation except the government who take a two month escapade on the peoples cash using up their spending accounts to head for faraway places under the guise of deserving perks for distinguished service, which could only be a legend in their own minds.

Another round of Zombie slings please.

GLTA Lostoutwest
Kenuck SmallCap Trader

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SCP.TO

Chart looks good for a move up ... but most of the crystal balling comes from being confident that the broad market rally is helping increase the odds... the fundamentals are awesome for the last period and show some seriously good management in times of stress during 2008. Not much chance of a dilution as they have gobs of cash, and selling under NAV.

Level II shows a consistent open gap of about 3 to 5 cents each morning and the trading takes place in the market (between the bid and ask), and little by little the bid is edging up to chase the opening ask.... which is getting away to the upside which is a bullish level II observation.

Asks are sparse and volume is low as it should be when the price hits support.

79,000,000 shares is good

Trend is up by many Yardsticks I use.


GLTA Lostoutwest
Kenuck SmallCap Trader

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A general note of various thoughts

The TSX and Vancouver are showing some bearish divergence in the indicators while the price still bullishly rises broadly. We could see a broad spike in some issues and I would be suspicious of chasing or wether they (issues) will be able to hold the gains unless they are very solid. This suggests a consolidation at the very least in the near future as we get into the (summer doldrums) territory of buyers who bought halfway down, who are looking for any chance to get their money back. I would suggest playing with very strong speculative issues from here on until Nov as... "Go Away in May", is a tradition bread into the crowd as much as the doldrums are.

If your playing pennies and juniors... really try to play the dips to reduce risk.
Stink bids and the like.

I hear there is some speculation we still have a good drop coming but I think only a major war will bring a crash and as a geopolitical consideration that will affect the market, look to Israel and Palestine or/and Pakistan as the instigators. There is a lot of bad potential brewing. It's too bad but it's true.

At the very least this whole picture looks to good to be true considering the bad news roaches still coming out. Where there is one roach, there is more.

I would hate to be the big boys and trying to figure out if they should believe their lying eyes and pile the cash in or risk under performing for the year and stay in the bear camp.

At least in the pennies if you pick on low floats and debt... You could gamble right through a war and come out ahead if you were disciplined and cautious. Pennies move on promotion (greed and fear) as there is no fundamentals.

There is a condensed portrayal of my trading attitude, and it is measured against the picks I bring to the board and list in the Favorites list.

PS: I spotted a poker pop and took a position in LGO.V @.095 .... Poker pops from that level don't pshyc out until they are over .20 cents sometimes.

Wish me luck!

GLTA

GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

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Bollinger Bands are a popular technical indicator for traders to determine overbought and oversold conditions. In a range-bound market, for example, it works even better as prices travel between two "rubber bands," or like balls bouncing off the walls.

But using the Bollinger Band as a sole buy/sell indicator isn't very smart. It's why we also use &b (percent b which shows where these touches may likely be located) and candlestick signals to help call tops and bottoms. "Tags of the bands are just that —tags, not signals. A tag of the upper Bollinger band is not in and of itself a sell signal. A tag of the lower Bollinger band is not in and of itself a buy signal."

And if you try to use Bollinger Bands by themselves, you can get stopped out or worse as prices "walk the bands" with direction. Again, it's why we use %b and candlesticks, too.

With Bollinger Bands (plotted at standard deviation levels above and below moving averages), stock prices tend to stay within the upper and lower bands. So when the prices move above the upper Bollinger Band, are coupled with a bearish candlestick read (gravestone doji, for example), and an extreme overbought %b read is present, we expect a reversal at the top.

Bollinger Bands allow users to compare volatility and relative price levels over a period of time. They consist of three bands:

A simple moving average (SMA) in the middle. . .

An upper band (SMA plus 2 standard deviations). . .

A lower band (SMA minus 2 standard deviations). . .

Standard deviation, a statistical term that provides a good indication of volatility, ensures the bands will react to price movements and reflect periods of high and low volatility. Sharp price increases (or decreases) will lead to a widening of the bands.


GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

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A Gorilla pick for the Summer Doldrums

SCP.TO Sprott Resources has been consolidating from a decent breakout, but I feel I can see signs, that with this good looking bear rally as a broad market backdrop, and, we like broad market bullish backdrops, because they tend to increase average returns when taking bullish positions, there is a good chance, that with the mind boggling fundamentals and noteworthy foresight of management to produce results like that, something can be said for good judgement, and as a trading stock SCP makes a great candidate to play the runs and dips on a solid speculation loaded with cash, as we ease into the summer doldrums. A hedge stock with potential to rise through the likely volatility is a key descriptive word.

Go away in May doesn't apply to this play.

Technically, the price is very low in a breakout pattern to the upside, and I see what I think is an easy, but, may be a slow 3 to 4 months 50% to 100% gain in relative safety during the expected doldrums whipsaw.

The one question that will pop into your mind is "Why is the price so low"?

Just good luck! Baby out with the bathwater. Not enough playeres in the market to cover all the bases.

The answer is, There have been too many other distracting quicker moves that the traders are playing, leaving us lucky ones to move in on the likely money rotation that will tend to feed the ramp on this up move. Momentum is the attraction out there and this play is a more conservative following, not fast, but, this stock charts extremely bullish for an early stage uptrend interrupted by the crash.

In Level II observations I can see what appears to be a diminishing overhead supply.

This is early observations, and I'm starting to play the dips off this consolidation and averaging in.

SCP is just getting it's legs under it to head back where it belongs and possibly higher... $4.50 plus.

For something to think about, check out the recent insider buys, and we are not talking small stuff.

Shares out = 87,000,000

This gorilla likes the chart and fundamentals.

We have made some updated comments at this link...
StockCharts Public Chart List


GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

CBCnews

Please read our Complete Disclosure

HAT.TO

11:05 AM Mountain standard time...... A little late, but not too late.... HAT has a following that can run this $1.00 to $2.00 from here and a recent best pick by Canaccord has it moving, and what with some double bottom showing up on this dip, it has started to rise and I took a position at $2.21


Still very low from a dip pick perspective... lots of room to move up, but I still don't lose track of May 1 in the back of my mind. Go away in May is traditional and and at the very least commands respect and caution.

GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

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NCU.TO

A Grandich pick and charting nicely, ideally a buy in the .30 cent range would be the best, technically on the average line, but the charting activity and Level II watch suggest there is little overhang to bring it down to .30, however, May is about to begin and we may see some weakness... as per Grandich a buy under .40 cents will at some time going forward be productive.

Level II is sparse on the ask so an upward drift is conceivable.

Volume is decent, averaging 130k / 3 month, with a 40 million share float takes a few of the risks down. I like under 75,000,000 Shares out tops but on strong fundamentals, if producing will accept much higher.

40 million is looking attractive to keep the Reverse Split Bear hibernating for the near future.


GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

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SCP.TO

I can see a Bollinger Band Narrowing and considering the solid fundamentals of Sprott, the temporarily bullish broad market move... the good looking chart suggests an up move is ready to start any day or week.

Keep a close watch for a breakout to be to the upside.


GLTA Lostoutwest
Kenuck SmallCap Trader

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Xplornet

is my service provider due to the physical location from which I have to post from.

They have been having some rather large, broad technical issues of which I have been assured, that I'm the only one to be complaining.

I have been able to access the Internet in a fashion likened to 56k dial-up.

It has made the blogging and due diligence for selections and up dates almost unbearable at these mind boggling slow speeds.

Hence the inability to post frequently about nothing has not been a motivation, so I have been waiting to cut the cusp on some of my observations.

This recent string of posts some items I have been sitting on, but feel next week going forward, may be ready for some kind of action.

GLTA Lostoutwest
Kenuck SmallCap Trader

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WIN.TO

WIN.TO is a bit choppy but looks as if it may snake out of a sideways move to break up.

Certainly the chart is not as robust as a single bounce, but a double bounce is just as satisfying and can be, albeit a slower gain in this case... still one to consider for a technical move to the upside soon.

Win fundamentals are reasonably solid for speculation.

check out the...
StockCharts Public Chart List

I like to post different variations of charts and the selection you see in the Public list gives a kind of 3 dimensional look to any of the picks presented if the full array of chart types is posted.

Solid fundamentals, support solid speculation, but in one of the chart types you will see StochRSI 140 and it is this indicator you should watch and become familiar with as it moves through it's cycles.

Basically, if the indicator moves up into the high area and holds, then a buy the dip strategy using more shorter term techniques can be successfully adopted if solid fundamentals and broad market participation can be Incorporated into the crystal ball for some voodo charting.



GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

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BBD.B.TO

BBD/b.to appears to be on up move and is apparently breaking out to the upside.

I like the chart.... Looks good. Bomabardier makes multi dollar swings.

High share float, but that makes for good liquidity.

Checkout the StockCharts Public Chart List and compare the HBM.TO Charts with the BBD/B.TO charts and you will be attracterd to BBD/B.To as still early in an upswing


GLTA Lostoutwest
Kenuck SmallCap Trader

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PDN.TO

Chart wise, PDN has offered a good looking top to what I would call novice charters, and they have taken it, but I think they will be kicking themselves when they see the big move. They topped in the 3.40 area but my interpretation along with watching Levell II, is that we have moved through to an area where the heavy layer of selling has disappeared and there is only traders selling and buying into a steadily narrowing range and spiking price. Of course, there may be a consolidation, but Paladin is the real deal, and it will take some very bad news and broad market motivation to reverse the trend, except for a decent consolidation which will be nothing but opportunity..

Continued broad market movement is building to a peak, and in connection with Paladin, I expect a consolidation, and the volatility is going to provide a good swing.

My present target is 4.50 but I will not allow myself to be surprised by a higher target and am ever watchful for a trend breakdown, of which I have not seen any indicator action that would not produce a double top in the worst case scenario.

Level II asks are sparodic, and gapping up, along with the low volume on the backfill, and the high volume on the recovery, from here a move of $1.00 to 2.00 dollars is not out of the question as an act of exuberance.

This remains to be a great trading stock and a good long term prospect for old highs to be reached and possibly surpassed at the markets whim.


GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

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Don.V

The news surrounding DON.V just continues to amaze me with lack of response it should be receiving. Quite bullish in a market motivating way.

IMOP the only reason it has not popped is that there are too many stocks out there that have been attracting attention from the limited supply of novice traders. Another way to say it, is, that if it's not popping, no one wants until it pops, and in saying that lies the greatest opportunity now available to the brave that makes the difference between chasing and buying low.

Technically charting a comparison with LEVEL II suggests that the tail end of an oversupply is just taking place. After watching the level II action for weeks, it is seemingly drifting and the gap has been widening from a sold bid of about .13 to .14cents to a steady ask of about .17 cents which is a .03 cent spread on most days.

A .03 cent spread is hard to gap down to and is very bullish, considering the good news coming down the pipe along with the lack of fear selling.

The ask has been drifting up putting bullish distance to the bid on a drift up with the occasional ask dropping down near the bid closing the gap to about .005 to .015 cents(1/2 to 1 1/2), and when it does, you don't have a long wait to see the accumulation sneaking in.

Any day now we should see a move.... If you get a chance to take on some of the final selling at .15 to .16 cents.... it may be worth a shot at a quick move into the 20 cent area and eventually a move into the .30 to .40 cent area.

Don't chase...

I have been buying .14 to .15


GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

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CXX.TO has blinked

CXX has moved onto the radar of the penny traders and is likely to consolidate for a bit and make another move within the next week or two.

If you have bought in below .16 cents, it is worth the risk to wait for the next move, and considering the exposure uranium is receiving in the news, there is a level of focus on a few survivors that are being touted by the gurus.

Grandich is well followed, and no bad news is often good news with Grandich, so his endorsement of CXX.TO is notable.

A purchase in the area of .17 to .18 cents might be productive... but, overall I think CXX.TO has the potential for 100% gain or more for a short time and over time will see back into the .40 to .60+ cent area depending on the month and news.

GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

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Both the TSX and Vancouver

Seem quite robust and from the look of them chart wise, should continue for at least another week according to tradition.

The end of April has been traditionaly the beginning of go away in May, however because of the positioning of the market bottom (Canadian)as out of place in the timing of this May phenomina, it may be that we will see a spiky summer not withstanding any nuclear wars.

I'm seeing poppers all over.

GLTA Lostoutwest
Kenuck SmallCap Trader

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PDN,T0

We can expect some short term consolidation but I draw the line at $2.90




GLTA Lostoutwest
Kenuck SmallCap Trader

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PDN.TO

PDN continues to defy gravity. If the opportunity unfolds where I can consider a position under $3.00, then I will be doing some thinking.

Various trend indications including using volume, 200 day average, and Level II analysis suggest that PDN has just about finished moving through a major resistance level.

Level II activity supports a visual look in real time that emulates day trading activity only, and the only reason the price is slow to make an up move is that we are knocking on the resistance door and traditional charting calls for a top that most people are reacting to as a response, but in this case the a top is a fleeting thing and selling is not heavy enough to push back the holding so a continuation is highly probable if it breaks through, and is going to make one of those moves where you say, "I never saw that coming". In a true up trend you will see many tops, new highs they call them, and if you can match them with higher lows, the only thing you can do is buy the dip.

Some new commentary ...

Check out.. StockCharts Public Chart List




GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

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CXX.TO

From a technical chart perspective, CXX is showing some parallel action in the Level II... this will take some patience, hopefully, the price will allow bids to take a position over the next week or so.

Look to the StockCharts Public Chart List



GLTA Lostoutwest
Kenuck SmallCap Trader

National Post

Grandich

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PDN.TO

Technically, with the high volume, just short of 6 million as of this post, distribution is the key word here.

When this type of volume occurs, there is an exidous of smart money spreading ther shares. Logically there should be consdolidation and support appears to be in the low $2.40 range. Factor in the large gap this morning and the odds are stacking for a dip, but be advised, it will likely be the make or break dip for a mjor run into the $4.00 range over time.




GLTA Lostoutwest
Kenuck SmallCap Trader

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DON.V

GLTA Lostoutwest
Kenuck SmallCap Trader

Grandich

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Bottom Picking Strategy

This is a cut and paste out of Globe:

Today's Mrarkets

Feeling tough? Try Phoenix investing

Thursday, March 12, 2009

Some investors are pondering whether we have finally passed a stock market bottom, giving them an ideal point at which to benefit from a rising stock market. Others, however, are pondering something far more interesting and, potentially, rewarding: Is it time to buy Phoenix stocks?

Phoenix stocks are near-dead investments that shake off death during an economic recovery, rewarding investors with startling gains. According to Cam Hui, who writes the Humble Student of the Markets blog, some Phoenix stocks of the past include Chrysler, which zoomed from $2 (U.S.) to more than $30 in the early 1980s, and Magna International Inc., which soared from less than $2 (Canadian) to more than $80 in the early 1990s.

You find these stocks by running a screen: The candidates have to be low-priced (ranging between $1 and $5), they have to be beaten-up (down by 80 per cent or more in a year), they have to have market capitalizations of $100-million or more (suggesting they were once going concerns), and they have to show signs of insider buying.

When he ran this screen in mid-February, he came up with just 30 names. That total rose to 58 earlier this week. Many of these are truly frightening places to put money: They include Citigroup Inc., Bank of America Corp., Liz Claiborne Inc., Gannett Co. Inc., Great Atlantic [amp]amp; Pacific Tea Co., MGM Mirage, and Saks Inc.

“I don't believe that it's time to buy into a Phoenix strategy yet, but the number and the composition the Phoenix list bears watching,” Mr. Hui said.


© Copyright The Globe and Mail



GLTA Lostoutwest
Kenuck SmallCap Trader

Grandich

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PDN.TO

It's amazing, certainly not a function of chart reading, but, interpreting the level II action as it relates to the chart... the price gaps up each morning and sells back... then recovers to a higher open (gap up)the next day... this is a conflict of interests.

Price rising on this type of action is rising on visual responses to charting at the end of the day which results in a morning gap up from people who don't have Level II... the price falls back under the selling pressure seen in real time.. You can see it on Level II, and what morning people are reacting to is yesterday's chart. Will there be enough charting bulls to turn the tide against the level II Bears?

That is the question?

The fate of this bounce lies in the gap ups. If I were a betting gorilla... I would take a position before the close and expect a gap tomorrow on momo Wednesday.

I have placed my order. The upward pressure is well placed at the day before the middle of the week. If we don't breakout upward into this week and next it will be amazing. We are set to have an amazing pop with all this selling pressure wasted.

The run may have enough pressure to take out $3.00

GLTA Lostoutwest
Kenuck SmallCap Trader

Grandich

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CBCnews


Please read our Complete Disclosure

PDN.TO

So far there is nothing we are excited about in our Favourites list... Most of the stocks that were showing some kind of momentum are looking weak.

Sirius has not reacted to the saving grace... worth taking a bite at .12 cents...

SCP.TO bounced a bit early, but over all there appears to be nothing more than quick trades.

The only stock not reacting to this recent dumping action is Taseko (TKO.TO) but with the large float outstanding, chasing is not recommended.

We have a larger master watch list that is looking quite weak, and as of this hour we have no stock that is in our list we could recomend taking a position in...

PDN.T0 is still our favorite Uranium stock and we will be watching closely for a bottom or reversal...



GLTA Lostoutwest
Kenuck SmallCap Trader

StockCharts Public Chart List

CBCnews


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