Current Trade

Sunday, April 26, 2009

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

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

No comments:

Post a Comment