Current Trade

Wednesday, April 29, 2009

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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CBCnews


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Sunday, April 26, 2009

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

StockCharts Public Chart List

CBCnews


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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

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

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

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

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

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

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

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

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

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

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

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

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

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

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure