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
Please read our Complete Disclosure
Thursday, March 5, 2009
Tuesday, March 3, 2009
PDN.TO
There's room to move up, but so far we see nothing but weak bouncing and no decision.
The volume was high for such a small amount of gain, suggesting that selling is still in control. The bollinger is still wide, what, with over 3 million shares traded today, the top bollinger comes in at $2.50. While the indicators are showing reaction bounces. I kind of think the regular gorilla is getting tired of whipsaw.... You don't dare move in and hold for 3 days unless you want to lose money.
The new bank of Canada rate spoofed a weak rally...
PDN is still looking weak.
GLTA Lostoutwest
Kenuck SmallCap Trader
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
The volume was high for such a small amount of gain, suggesting that selling is still in control. The bollinger is still wide, what, with over 3 million shares traded today, the top bollinger comes in at $2.50. While the indicators are showing reaction bounces. I kind of think the regular gorilla is getting tired of whipsaw.... You don't dare move in and hold for 3 days unless you want to lose money.
The new bank of Canada rate spoofed a weak rally...
PDN is still looking weak.
GLTA Lostoutwest
Kenuck SmallCap Trader
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
Sunday, March 1, 2009
Sirius SIRI
Cut and paste... This Link - Schaeffer's Daily Market Blog
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Sunday, March 01, 2009
Sirius XM (SIRI) Shareholders Authorize a Reverse Split
12/18/2008 3:03 PM
Keywords: SIRI
Shares of satellite radio provider Sirius XM (SIRI: sentiment, chart, options) have rallied more than 7% so far today, after stockholders voted to authorize the company's board to effect a reverse stock split by December 31, 2009. Other proposals were also ratified at the 2008 annual stockholders meeting, with 2 amendments to SIRI's certificate of incorporation passing, as well as a proposal to increase the number of authorized shares to 8 billion from 4.5 billion.
Despite the jump, SIRI remains a penny stock, and was last seen hovering near 14 cents per share. Technically, the equity remains under pressure from its 10-day and 20-day moving averages, above which SIRI has not closed a session since July 24. Sentiment is mixed toward the shares, with their Schaeffer's put/call open interest ratio (SOIR) of 0.16 ranking below 69% of all those taken in the past year. Meanwhile, Zacks.com reports that 5 of the 6 analysts following the equity rate it a "hold" or worse. (On a side note, traders will want to take the SOIR data on SIRI with a grain of salt, since the shares are trading well below any optionable strikes.)
-Posted by Joseph Hargett (jhargett@sir-inc.com)
GLTA Lostoutwest
Kenuck SmallCap Trader
StockCharts Public Chart List
Please read our Complete Disclosure
______________________
Sunday, March 01, 2009
Sirius XM (SIRI) Shareholders Authorize a Reverse Split
12/18/2008 3:03 PM
Keywords: SIRI
Shares of satellite radio provider Sirius XM (SIRI: sentiment, chart, options) have rallied more than 7% so far today, after stockholders voted to authorize the company's board to effect a reverse stock split by December 31, 2009. Other proposals were also ratified at the 2008 annual stockholders meeting, with 2 amendments to SIRI's certificate of incorporation passing, as well as a proposal to increase the number of authorized shares to 8 billion from 4.5 billion.
Despite the jump, SIRI remains a penny stock, and was last seen hovering near 14 cents per share. Technically, the equity remains under pressure from its 10-day and 20-day moving averages, above which SIRI has not closed a session since July 24. Sentiment is mixed toward the shares, with their Schaeffer's put/call open interest ratio (SOIR) of 0.16 ranking below 69% of all those taken in the past year. Meanwhile, Zacks.com reports that 5 of the 6 analysts following the equity rate it a "hold" or worse. (On a side note, traders will want to take the SOIR data on SIRI with a grain of salt, since the shares are trading well below any optionable strikes.)
-Posted by Joseph Hargett (jhargett@sir-inc.com)
GLTA Lostoutwest
Kenuck SmallCap Trader
StockCharts Public Chart List
Please read our Complete Disclosure
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