Current Trade

Wednesday, September 8, 2010

An unexpected bonus

Since I have put up the public portfolio watch list... I have had an eye opener in intuition, in that the daily back fills are more easily separated visually at a glance in rising and falling trends short term, due to the % gain numbers compared to back fill days... a great suggestion for trend evaluation with hind site.

In my particular case it has given me better insight into mistaken trend evaluations.


GLTA Lostoutwest

Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.

GPR

Is clawing its way through resistance and a free rise on volume into light asks will likely form a spike, and over time, a resulting consolidation to the 200 day average @ 84 or just above in the .92 cent area. There are no colored selling volume bars, so it has to come sometime. I would expect we could easily pop 1.00 if we free rise through the paper.


GLTA Lostoutwest

Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.

Updates

I have been expanding my presence on the Stockhouse boards using my old board name Toot... Have revamped my outdated watch lists, and posted the list that I technically chart. Charting is best done on stocks with specific requirements that tend to make charting more effective.

Of the list, I have taken positions in three stocks that have been recently financed (to remove the speculation of financing) have good news in the pipe line... and have had recent news or opinions expressed in the media I follow. The rest are in various stages of consolidation with a few bottom picks thrown in. They all have started some type of breakout with the exception of the bottom picks... this list is my official dip picking list.

Charts have been posted to the Stock Charts Public list that reflect a more simplified presentation..
I intend to post two charts for each issue. (comments where appropriate and time permits). One chart short term and the other, medium to long term trend position. I think the comparison will enlighten anyone so inclined to take a shot at chart watching.

GPR is a silver story breaking the 200 day average on volume. could be spiky and choppy.

DML is one of the best (IMOP) priced producing Uranium companies coming off support at the 200 day average I can see... although PDN has finally showed some color. I like DML the most because of the charting pposition, lower price, and it is easy to imagine 100% . with lots of room to make the move over the next 4 months when compared to other issues coming from the same technical position..

CUM has a lot of shares out but this is not a concern as the bricks have been well laid... consider BBD/B.to and it's share float.... I like the targets and it level IIs' moves well with apparently stable back fills and new highs for the time being. It too charts well on a trending study, and swinging seems a long way off if the chart can be trusted. Fundamentals in financing and resources seem to sit well with investors jumping on. It is hard to find investors these days, so I like that fundamental.

I'm trying to take a position in a lithium play that is one of PG's contracts. I jumped the gun ( took a small loss and am re-positioning... wont average down on a chart like that). With the charting failing to provide any visible relief from selling indications.... with Level II selling from the side which denotes hits from above that only come with panic or shorting IMOP... since the volume and speed of decent don't fit panic, I feel naked shorting. The fly in the ointment is a Canaccord financing... my experience with them is a  sometimes quick, sometimes slow death spiral in share price. I have expressed my concerns on the RM.V board , but don't feel it would be fair to beat the subject to death. I shall continue posting there, but try and maintain a positive approach. I wont be posting predictions


GLTA Lostoutwest

Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.