SQI.V

Bought in at .76 this morning... some good looking bounce moving in... looks like a move into the high .80's is possible today... Update posted in the public chart list... as expected we are getting some late loose hands and some traders from .68... the rest of the indicators remain strong, suggest an entry point at the entry I chose or less if it was possible... I, however waited for the second candle after the doji to start forming in conjunction with level II observations. I have a tight mental stop and if the candle dissolves, this will end up as a day trade. I have hopes to move up a mental stop  from .74 to .76 very soon.


GLTA Lostoutwest

Kenuck SmallCap Trader

National Post

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Your attention please!

I should like to point out a (development stage) near production, uranium explorer turning miner... The chart has been showing a ranging pattern for the last year... with a slight weighting of an up move that looks like it may have the oomph to breakout of the range, they are flush with cash and I mean flush flush for an explorer junior... little debt... It would be worth while to play the range until it breaks out... a small cap roller if you will, (rollers in this class are hard to find under the radar) Seems pretty safe with under 100 million shares out fully diluted. 30 million cash + investments and holdings for a total of 79 million as of the second quarter 2010 .... a low burn rate.
Debt under 2 million DD at the home site under investor information         URE

A Grandich pick URE.TO support for the last year has been just under .80 cents... .77 cents to be exact.


GLTA Lostoutwest

Kenuck SmallCap Trader

National Post

Grandich

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CBCnews

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Wednesday

these days is sell day for the general market IMOP, which is quite a reverse of what it was pre-May... such that on Thursday and Friday (as of this Sept) the selling pressure eases off because the sellers are not that predominate... the TSX venture and Toronto are actually gaining in the precious metals gold and silver along with rare earth lithium (still consolidating), and of course Uranium producers. The weaker the economy seems, the more precious metal make gains. Having said that, some strong fundamentals are driving share prices up on individual issues in the mentioned categories on Wednesday in spite of the selling pressure overall in this rising market.

It does surprise one to see a strong issue somewhat stifled on Wednesday and then make a move into Thursday and Friday, and hold.

GLTA Lostoutwest

Kenuck SmallCap Trader

National Post

Grandich

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DML.TO

Without going into a lot of detail, the chart for DML is positioned just above the 200 day average, of which from a lot of looking at charts that are specifically studied to show developing trends... there are few charts that make the right picture and DM is the only one at this time in my watch list frame to have popped the 200 day average on the back of some solid speculative fundamentals without the risk of explorer status as it is in the realm of a producer, and I believe the market has screened the producers out of the heard to be set to move... HISTORICAL PERFORMANCE OF OTHER STOCKS... coming from the same position are not easily given a target, as they just keep going up...  I am resisting the urge to swing unless it really breaks the trend it appears to be in now.... a move below 1.40 would be bad, but support is moving into the 1.55 range if looks can be trusted in  both Level II, and chart wise.

Check the SH board for comments.

GLTA Lostoutwest

Kenuck SmallCap Trader

National Post

Grandich

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EVG.V

EVG.V is setting up a bottom pattern, and I can't see the selling, but other than a small spurt of buyers (could be the breakout we are waiting for), the buying hasn't moved in earnest. There is not any real support for a quick move from any momo indicators, other than they are very oversold.

The stock is too fundamentally too strong to dismiss, but there are other stocks out there, and getting some action elsewhere while I wait, is the main reason I'm not in.


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.