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

Grandich

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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

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

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

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure

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

National Post

Grandich

StockCharts Public Chart List

CBCnews


Please read our Complete Disclosure