On Monday I will be following GQC.V among a few others on Level II... a preliminary chart look has come up with 2 numbers... a real good buy as far as support goes would be in the .30 cent area... but to say that it will get there is just guessing.. the chart looks very early compared to other gold runs from the same position on a chart... (at least to me) and for the price .40 cents to comparable potential is by rumor cheap.... the fundamentals are strong... but what drives the price is sentiment greed and fear... Greed before fear.... so it could move up some, but if it pops the upper bollinger again on this run then, it will most certainly correct with some back fill the next trading day without a News release to drive it... .45 something cents is not out of the equation Monday intra day high... if it does... then a back fill to .37 cents would see me take a bite. If not,... a back fill off the open to around .34 cents would see me very interested... a tight mental stop @ .30 cents... one way or another though, I'm going to take a position... by Wednesday the latest... I'm hoping for a Santa Choke Hold opportunity.
The best entry for controlled risk would be in the .30 cent area!
GLTA
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Saturday, December 11, 2010
Public StockCharts List
I have merged the new entries into the list, and used a daily ribbon chart instead of the default chart study the blog describes... so that they are flagged... and will introduce the blog chart style as commentary begins.
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New Year Strategy
I must state that playing small caps takes some skill on your part... to recap a couple of pages at the top of the blog........ you need some skill and kahoonas to walk the walk... and you need to move properly to put yourself in the same position as me... Having said that, I am an amateur who has been involved with small caps for a long time (10 years)... but it in no way gives me the power to make your decisions.
I am going to populate the Public Chart List StockCharts Public Chart List with some new entries... it will be impossible to comment on them all. Comments will be restricted to only those that have promising chart study characteristics, and just because I am commenting does not mean I am buying whether I get brave and call a buy.
The focus is on strong speculative fundamental concerns... this protects from really major losses... Do not average down unless your powder is dry... averaging down is nothing but bottom picking... albeit with more skin in the game. The death of thousand cuts brings new meaning to the experience.
The start of the process will be to merge them into the list... that takes place in the next half hour...
In the existing list is a couple lottery picks being commented on already.. use caution.
The rest will scatter among some already listed, but not commented on residents.
Over all... the new entries have some solid speculative fundamentals.... If your looking to find a list with some good prospects, and pick away at your own... Feel free, but do your due diligence.,
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I am going to populate the Public Chart List StockCharts Public Chart List with some new entries... it will be impossible to comment on them all. Comments will be restricted to only those that have promising chart study characteristics, and just because I am commenting does not mean I am buying whether I get brave and call a buy.
The focus is on strong speculative fundamental concerns... this protects from really major losses... Do not average down unless your powder is dry... averaging down is nothing but bottom picking... albeit with more skin in the game. The death of thousand cuts brings new meaning to the experience.
The start of the process will be to merge them into the list... that takes place in the next half hour...
In the existing list is a couple lottery picks being commented on already.. use caution.
The rest will scatter among some already listed, but not commented on residents.
Over all... the new entries have some solid speculative fundamentals.... If your looking to find a list with some good prospects, and pick away at your own... Feel free, but do your due diligence.,
GLTA Lostoutwest
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Friday, December 10, 2010
Santa's Choke Hold
I didn't coin the phrase, but actually picked it up on a SH bull board that describes the next 3 weeks volatility potential almost perfectly. With tax selling, and a need for Christmas purchases, there is potential selling pressure to deal with. In respect of the next 3 weeks into the new Year I have been doing some serious looking into particularly strong story play stocks that have some some real resource fundamentals, selling for decent prices considering, however until I can watch them on level II... I really can't suggest. I will be going over the list and posting them to the Public Watch List without commentary for the moment. I'm sure some will be recognized immediately, and although the list goes into the 5.00 range I will be focusing on the under $1.00 mark of which I have at least one request to chart a stock which already appears in the list. For this round of research I may stray outside Canada and the States, but the issues trade on the Venture and Toronto... so easy access.... they will all be in up trends, so this will be a dip picking exercise that may prove up some decent entries during the Santa Choke Hold pressure, (hopefully)..
I'm going to do a bit of stink bidding with lots of heads up room. If I get lucky going into the New year I hear commodities are going to be hot.
GLTA Lostoutwest
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I'm going to do a bit of stink bidding with lots of heads up room. If I get lucky going into the New year I hear commodities are going to be hot.
GLTA Lostoutwest
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The last minute... and LAQ.V
I think it's human nature: The last minute!
Today's the 10th, and getting ready for Christmas along with the out with the baby wash tax selling... is starting to show in the index studies in the public chart list... while the price is still fairly stable the indicators are weak giving a bit of a bearish divergence overall.
The next few weeks until the first two weeks into January 20011 will finish of the tax season, experience the Santa Rally between Dec 25, 2010 and new Years... then kick off into the January effect. The first 4 months of the 2011 period if they have any historical significance will mark the usual 3 to 4 best months of year there abouts before checking into the go away in MAY cycle.
I have found that otherwise bullish signals increase in fake out possibilities during this time period to New years, and adopting a strategy of stink bids may lose a couple of gainers... it will also keep you out of the sights of some shocking volatility if you chase... the best strategy is to bid the low range of daily movement as the least you do to protect the pile for being able to buy a new pair of shoes for Santa.
Keeping some powder dry is another.
As a matter of record since this morning you can see the effect of crossing the upper bollinger when it comes to the next day of trading.... looking at LAQ.V in the Public chart list demonstrates this... StockCharts Public Chart List that it is a good short term indication of impending back fill if you actually pop the bollinger instead of hovering the rise just under. Hovering the rise just under signals more to come.
If you managed to get in under .10 cents on LAQ.V ... you should be in a pretty good position to control risk... charting indications suggest that this down day was for the most part trader action, and so far not a factor of insider hosing...
I don't have a hard time imagining that if the price drops for a buy in at .10 cents with a little more caution in the risk department warranted as to the size of the position... the downside should be limited, and in the near future it is suggested by the indicators that there is a good probability for another run at .13 cents and a look at level II suggests that barring no surprises... it may break the resistance.
I'm looking for that move to the black 20 day average which is .10 cents to show support, otherwise level II is not intimidating as of this post. You can see it has filled the ask tiers a bit more than before, however it is not crowding the bids, and the loose hands could wash out from there down to .10 cents as they drop into the range.
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Today's the 10th, and getting ready for Christmas along with the out with the baby wash tax selling... is starting to show in the index studies in the public chart list... while the price is still fairly stable the indicators are weak giving a bit of a bearish divergence overall.
The next few weeks until the first two weeks into January 20011 will finish of the tax season, experience the Santa Rally between Dec 25, 2010 and new Years... then kick off into the January effect. The first 4 months of the 2011 period if they have any historical significance will mark the usual 3 to 4 best months of year there abouts before checking into the go away in MAY cycle.
I have found that otherwise bullish signals increase in fake out possibilities during this time period to New years, and adopting a strategy of stink bids may lose a couple of gainers... it will also keep you out of the sights of some shocking volatility if you chase... the best strategy is to bid the low range of daily movement as the least you do to protect the pile for being able to buy a new pair of shoes for Santa.
Keeping some powder dry is another.
As a matter of record since this morning you can see the effect of crossing the upper bollinger when it comes to the next day of trading.... looking at LAQ.V in the Public chart list demonstrates this... StockCharts Public Chart List that it is a good short term indication of impending back fill if you actually pop the bollinger instead of hovering the rise just under. Hovering the rise just under signals more to come.
If you managed to get in under .10 cents on LAQ.V ... you should be in a pretty good position to control risk... charting indications suggest that this down day was for the most part trader action, and so far not a factor of insider hosing...
I don't have a hard time imagining that if the price drops for a buy in at .10 cents with a little more caution in the risk department warranted as to the size of the position... the downside should be limited, and in the near future it is suggested by the indicators that there is a good probability for another run at .13 cents and a look at level II suggests that barring no surprises... it may break the resistance.
GLTA Lostoutwest
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Wednesday, December 8, 2010
This Wednesday LAQ.V and DEI.V
This Wednesday was the usual bullish effort met with distribution (the bulls were a bit on light side or the bears weren't heavy) but distribution was still evident.. American indexes did okay, but Canadian indexes were hit hard.... So much for the bullish show on Monday and Tuesday. If the pattern goes back to normal we should see less distribution Thursday and Friday except for the weekend sellers...
Looking at the indexes in the public chart list... you can see the pressure....
StockCharts Public Chart List
DEI.V is doing the Level II Teardrop.... Levell II is showing weakness on the asks, and bids were building as the day progressed.
LAQ.V is up 15.79% over yesterday... looking back it takes 3 to 4 million shares traded to put in a top... The chart hasn't topped... we did about 1.5 million shares traded on a solid looking real time chart... I see no evidence of distribution stockwise as of the close today... in fact if you can believe a chart there is no sign of weakness showing.... compared to level II yesterday the resistance has been cut just about in half... exuberance is potentialy possible.... Thursdays the distribution marketwise, usually backs off, or has been... the last few weeks, but that is moot.. I saw no evidence of distribution in the stock, which is what I would be concerned about.
I have heard LAQ's inventory has increased by 300 %... what that means in real terms I'm not sure, but to confirm the quote... I intend to call them and see if they know what I'm talking about.
StockCharts Public Chart List
I have heard LAQ's inventory has increased by 300 %... what that means in real terms I'm not sure, but to confirm the quote... I intend to call them and see if they know what I'm talking about.
StockCharts Public Chart List
GLTA Lostoutwest
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LAQ.V
It was an ugly morning for a Wednesday.... again the list held support...
LAQ.V did particularly well... and as of this post Level II action is retail trader type only.... that I can see... and that will wash... the Ask at .10 cents is getting hit from the side... should bolster the sellers confidence...
If the .10 cent ask gests wasted... Level II is looking weak on the ask tiers above it.
Here's the real time chart....
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LAQ.V did particularly well... and as of this post Level II action is retail trader type only.... that I can see... and that will wash... the Ask at .10 cents is getting hit from the side... should bolster the sellers confidence...
If the .10 cent ask gests wasted... Level II is looking weak on the ask tiers above it.
Here's the real time chart....
GLTA Lostoutwest
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Tuesday, December 7, 2010
LAQ.V Update
Notice how the candles are floating between the upper bollinger and lower 20 day average... This is a very good looking chart that demonstrates that at least until today, any selling has been accumulated.
Check out the StockCharts Public Chart List where LAQ.V is listed on page 4 at this time.
GLTA Lostoutwest
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BRD.TO
My first impression is the upper bollinger touch as a sell is being validated this morning on level II and am now watching for a 20 day bounce or lower bollinger touch to reduce risk for entry.
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DEI.V looking and charting strong
Nice looking real time chart.... suggests some backfill in motion without the uranium gold volatility, makes this one's beta @ -0.22 (low under 1 means not much chance of surprising with a selloff is this chartists thinking) for the Level II platform to be assessed as a more conservative buy, in a strong looking uptrend. A break above .50 cents appears in the bush over time.... I can see some topping attempts but IMOP continuation is likely more than a top due to the low beta allowing for it, albiet possibly slower than some of the gold, silver and uranium pops.
I have just finished some updated commentary in the StockCharts Public Chart List
I'm seeing signs of life in the NG sector... which is long over due for a positive move.
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I have just finished some updated commentary in the StockCharts Public Chart List
I'm seeing signs of life in the NG sector... which is long over due for a positive move.
GLTA Lostoutwest
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Tuesday Market Picture on the open
A Gap up on Tuesday ...not for a while....If it holds or not.. If wednesday stays the usual bull... this could be good...
Mid Day
Fnish
GLTA Lostoutwest
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BRD.TO
A News release... not much immediate reaction... but opening a past producer on top of the milestones already achieved with the price of gold what it is, some fast tracking going on here with the infrastructure already in place.... charting suggests a move above 2 dollars is imminent.
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GGA.TO
Is gapping for .20 cents around there @ the open.... too much for the NR, but that's not for me to decide.
Still a good NR if got that kind of response for a 21% pop on the open.
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Still a good NR if got that kind of response for a 21% pop on the open.
GLTA Lostoutwest
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LAQ.V
Level II is showing bids just under 300 k @ 0.085 which is the amount it would be safe to say that .085 is gone, and we are still hot with a weak looking tier level of bids on the ask... If the options and warrants keep their hands in their pockets and off the mouse, my estimate of moving above ..13 cents will be wide open way before 6 months... the good thing about the options is that they will be much more easily absorbed by both retail and insiders... just lookat ABN.V after the breakout.. Level II realtime charting is looking good.
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DEI.V
DEI.V is shaping real strong for the open as level II is suggesting a move for .50 is in the works this week...
Nice looking chart finish for the Day.....
GLTA Lostoutwest
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EVG.V
When I look at the chart... I see a serious gap we need to fill, in the area of 1.00 to 1.07... Looking at the Aroon, I can see the brown downtrend Aroon moving up which is bearish, however the Green uptrend is not reacting... (very bullish) It makes me think that before they both switch directions in earnest, that we may see a Brown Aroon Dip pattern, where the Brown makes like it is going to move above 70, but reverses back down below 70 on a fakeout. Overall, a look at the rest of the indicators show an uptrend is still in progress..
Volume is low as it should be in a back fill. The StochRSI (140) which is the deep core buying indicator has moved above 80.... and rising... If this continues to hold position... it is a very good indicator to let you know that stochastics indicators can be used for buying the dips. You may want to make sure your employing a short term stochastic like the 15,5,5 or the 14,3,3... which I have added to the EVG.V study... which by my first impression is bullish but waffley... not much to go on in terms of an entry type signal is being given, WHICH IS WHERE IT WOULD BE THE MOST USEFUL, and in this case is neither presenting a buy the dip or sell the top, however, the bullish upper positioning does give weight to looking at the supporting indicators as indications of continued uptrend after the gap is filled.
Under the circumstances with the price of gold almost guaranteed to go higher... it is hard NOT to imagine higher prices for EVG.V The strategy is to buy the dip. In this case targeting the gap would be the same thing.
For entertainment only
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Volume is low as it should be in a back fill. The StochRSI (140) which is the deep core buying indicator has moved above 80.... and rising... If this continues to hold position... it is a very good indicator to let you know that stochastics indicators can be used for buying the dips. You may want to make sure your employing a short term stochastic like the 15,5,5 or the 14,3,3... which I have added to the EVG.V study... which by my first impression is bullish but waffley... not much to go on in terms of an entry type signal is being given, WHICH IS WHERE IT WOULD BE THE MOST USEFUL, and in this case is neither presenting a buy the dip or sell the top, however, the bullish upper positioning does give weight to looking at the supporting indicators as indications of continued uptrend after the gap is filled.
Under the circumstances with the price of gold almost guaranteed to go higher... it is hard NOT to imagine higher prices for EVG.V The strategy is to buy the dip. In this case targeting the gap would be the same thing.
For entertainment only
GLTA Lostoutwest
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Monday, December 6, 2010
Hot watch BRD.TO
was sluggish and took resistance to heart on the upper bollinger... Tuesday may provide some better insight to a bounce or potential breakout.
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LAQ.V
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This Monday... DEI.V
Heavy distribution as usual on this monday, however most watch list issues held their own....
DEI.V presented opportunity under the usual market wide Monday distribution... fell back to .41 cents but recovered strongly.
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DEI.V presented opportunity under the usual market wide Monday distribution... fell back to .41 cents but recovered strongly.
GLTA Lostoutwest
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Filling the Gap DEI.V
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Sunday, December 5, 2010
Charting the previous post EDV.TO's peers Buy BRD.TO 1.65 to 1.80
Shows some good charting prospects the best of which are SSP (uptrend)
........and BRD (looks like a breakout possible @ 1.80 for a prliminary glimpse with a buy at 1.65 to be an oversold area of lower risk. This one is touching the top of the real time charting bollinger (remember this real time chart is very sensitive to upper bollinger touches... If it had popped the upper bollinger, it would be a very reliable topping signal)... it will take level II to see if the upper bollinger touch will backfill one more time for a three time push.. 4th time breakout, or whether it makes it's move Monday by hovering the bollinger with a gap up ............... I'm on this one Monday morning as a hot watch. Lets's hope for the usual bad open Monday or Tuesday.. 178 million shares out so lots of liquidity.... could provide a buy in the 1.70ish area...
Insider buying most in the 1.20 (Director and CEO) area, with some in the 1.80 (CEO) area... no selling... for a net of $418,000 as of 6 hours ago SEDI... a breakout could run for .20 to 60 cents into the January effect. Hindsight is the best crystal ball.
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........and BRD (looks like a breakout possible @ 1.80 for a prliminary glimpse with a buy at 1.65 to be an oversold area of lower risk. This one is touching the top of the real time charting bollinger (remember this real time chart is very sensitive to upper bollinger touches... If it had popped the upper bollinger, it would be a very reliable topping signal)... it will take level II to see if the upper bollinger touch will backfill one more time for a three time push.. 4th time breakout, or whether it makes it's move Monday by hovering the bollinger with a gap up ............... I'm on this one Monday morning as a hot watch. Lets's hope for the usual bad open Monday or Tuesday.. 178 million shares out so lots of liquidity.... could provide a buy in the 1.70ish area...
Insider buying most in the 1.20 (Director and CEO) area, with some in the 1.80 (CEO) area... no selling... for a net of $418,000 as of 6 hours ago SEDI... a breakout could run for .20 to 60 cents into the January effect. Hindsight is the best crystal ball.
GLTA Lostoutwest
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EDV.TO heads up
For the more conservative... investor type... charting a Major support @ 2.60... comfortable buy between 2.70 to 2.80... trending indications suggest a move over 3.00 sometime going forward. I have not had time to observe Level II...
Stats below pulled from TD Waterhouse... they are usually quite updated
Gold Industry Peers».
Overview Market Cap P/E Ratio (TTM) EPS Growth (5yr)
Brigus Gold Corp BRD 329.0M +2.53%
Endeavour Mining Corporation EDV 327.0M 2.30x 0.00%
Luna Gold Corp LGC 330.0M -- +11.15%
Sandspring Resources Ltd SSP 321.0M 0.00%
Victoria Gold Corp VIT 298.0M 28.72%
At 12:49 PM ET
Ratings».Please note that US and Canadian reports and ratings may both appear in this module for interlisted securities. The green highlighted bar represents the First Call Consensus rating
First Call Earnings Valuation Report
Sell 0 Under Perform 0 Hold 0 Buy1 Strong Buy1
Previous Next.INK Company Insider - 6 hours ago
Detailed daily analysis of insider activity and holdings for stocks and income trusts listed in Canada, based on filings from SEDI®
CFO $385,300 1.80 to 2.00 recorded March 2010 No selling to date
Fundamentals»
.Market Cap 327.3M
Beta 1.16
Revenue (FYR) $158.2M
EPS (TTM) $1.23
Shares Out. 113.3M
Book Value $3.84
Endeavour Mining Corporation does not pay a dividend.
P/E 2.3x
Price/Sales (FYR) 1.7
P/Cash Flow (TTM) -- Not given
Operating Margin 0.00%
GLTA Lostoutwest
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Stats below pulled from TD Waterhouse... they are usually quite updated
Gold Industry Peers».
Overview Market Cap P/E Ratio (TTM) EPS Growth (5yr)
Brigus Gold Corp BRD 329.0M +2.53%
Endeavour Mining Corporation EDV 327.0M 2.30x 0.00%
Luna Gold Corp LGC 330.0M -- +11.15%
Sandspring Resources Ltd SSP 321.0M 0.00%
Victoria Gold Corp VIT 298.0M 28.72%
At 12:49 PM ET
Ratings».Please note that US and Canadian reports and ratings may both appear in this module for interlisted securities. The green highlighted bar represents the First Call Consensus rating
First Call Earnings Valuation Report
Sell 0 Under Perform 0 Hold 0 Buy1 Strong Buy1
Previous Next.INK Company Insider - 6 hours ago
Detailed daily analysis of insider activity and holdings for stocks and income trusts listed in Canada, based on filings from SEDI®
CFO $385,300 1.80 to 2.00 recorded March 2010 No selling to date
Fundamentals»
.Market Cap 327.3M
Beta 1.16
Revenue (FYR) $158.2M
EPS (TTM) $1.23
Shares Out. 113.3M
Book Value $3.84
Endeavour Mining Corporation does not pay a dividend.
P/E 2.3x
Price/Sales (FYR) 1.7
P/Cash Flow (TTM) -- Not given
Operating Margin 0.00%
GLTA Lostoutwest
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I would like to.... EDV.TO & LAQ.V
make it clear... buying a stock that is under 1.00 is fraught with a high percentage of failures... where 2 to 5 percent of the issues... that are traded, may have a glimmer of hope to be actually successful... even that success has it's limitations... the small cap world is driven by hype and speculation... most of the plays except for a few will see back to 10 to .30 cents in the next few years... some will reverse split, and some will rename at the same time, or individually... some will fail to get financing, and do a chapter 11 unless, the issue actually has the capabilityof going into the mining business,,, as that is the area we are playing.. within that playing field, there is a set of Market Motivators that take many undeserving, and deserving stocks in exuberance to an overvalued state.
On a technical base in momentum... Sentiment fear and greed, the true meaning of a double top comes in the form of the multiple highest high... (My observations in charting) such after that... there better be some real meat to the issue... even then with real meat, if the hype is not there, neither are the buyers...
The closer you get to 5.00.... the closer you get to success, but also closer to intelligent fundamental buyers.
When playing in the charting area of continuations between 1.00 and 2 dollars, you graduate into a type of play that likely will not hold any value over 2.00 to 4.00 for long, and the resulting consolidation can last for years... it is human nature to tire quickly of something that rose too fast, and look for something that is going to provide the next injection of adrenalin.
Don't fall in love. Lately I have been presenting some continuation plays... recently I read a Stockhouse post that was put out by Rick Rule....
Rick Rule
he said it beautifully... but the one thing in the assessment he did not detail is the period of speculation that in it's volatility is where fortunes are made and lost. He artfully presented a pick EDV.TO and so it goes into the public charting list and level II for observation. A south African play @ 2.90
I regress...
Few people have the guts to buy .02 cents.... most have mental area of .16 to .50 cents as thier belief level depending.
Recently I posted a play that fits Rick Rules criteria... except that he failed to define the one aspect clearly in the sense, that before the shoe fits... there is an opportunity to make money...
In order to do that... you need to buy real low... use level II to look for distribution... and don't fall in love when you see 30 to 100%... do something that fits your needs when it comes to taking some money off the table... A gold story that can't get over 1 million ounces in measured reserves... even in production is real risky.... to pay over .50 cents without the 1 million in sight is foolish. JMOP
A rule of thumb for real top dollar miners in gold is measured in ounces per ton... High grade open pit is 3 to 6 grams per ton...low grade bulk tonnage is 2 grams per ton and less (open pit). There are some arguable numbers in that assessment, not accounting for CAPEX (Capital Expense to build and take to production).... but it's in the ball park. The price of present day gold is bringing these numbers to reality.... over 1000 dollars per ounce as a real number, makes a lot of impossible plays open for speculation for the 1,000,000 reserve threshold workable. Exploration can be financed.
At first glance his rule fits LAQ.V ...... except for a few minor details in particular... If all they had was 500 thousands ounces, and went into production... even at .085 cents to .10 cents... there are enough speculators who fail to recognize the exuberant market value, and what I see at .075 to .10 cents... someone will see at .15 cents and so it goes providing management doesn't abuse options indiscriminately through lack of skill.
Recently LAQ has had some exposure to some higher profile risk takers...(the promo is on) Options are in the .05 cent area... diluted float is not exuberant(MOP). According to the high profile speculators who toured the operation... the consensus was that the final stop was not limited to 1/2 a million ounces... but they need to prove it up... the grades howeve,r allow for a low Nevada Jurisdiction style CAPEX (10,000,000), if they can finance to bring the potential 500 thousands ounces they think they have.... to open pit production in Friendly Nevada as a self financing option... even if that's all they had in the end was 1/2 a million ounces in production... there is still merit at .085 to 10 cents for an early play position...
If they can milestone the 1,000,000 ounce threshold then .085 to .10 cents is going to seem awful cheap...
There in lies the speculation... this is real early play... If you wish to high risk your portfolio... you need to get in under .10 cents... You must use real time to see if the management is sensitive... distribution is mild... trading is limited to traders who will wash out, and some real progress is milestoned... so that exuberance will provide opportunity for all us high risk players taking position. I have speculated exuberance based on hype, and/or on wishful thinking to take the share price to a possible mid .30 cents... if and I say if.....! the distribution is managed well by management. Speculation is a word to soften the impact of the word gambling... and this is not a recomendation to buy.
For entertainment only.
GLTA Lostoutwest
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Kenuck SmallCap Trader
Korelin Radio
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Money In Metals
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Lex corp
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National Post
Grandich
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CBCnews
Please read our Complete Disclosure
If you see the hand... click on screen shots to enlarge them.
On a technical base in momentum... Sentiment fear and greed, the true meaning of a double top comes in the form of the multiple highest high... (My observations in charting) such after that... there better be some real meat to the issue... even then with real meat, if the hype is not there, neither are the buyers...
The closer you get to 5.00.... the closer you get to success, but also closer to intelligent fundamental buyers.
When playing in the charting area of continuations between 1.00 and 2 dollars, you graduate into a type of play that likely will not hold any value over 2.00 to 4.00 for long, and the resulting consolidation can last for years... it is human nature to tire quickly of something that rose too fast, and look for something that is going to provide the next injection of adrenalin.
Don't fall in love. Lately I have been presenting some continuation plays... recently I read a Stockhouse post that was put out by Rick Rule....
Rick Rule
he said it beautifully... but the one thing in the assessment he did not detail is the period of speculation that in it's volatility is where fortunes are made and lost. He artfully presented a pick EDV.TO and so it goes into the public charting list and level II for observation. A south African play @ 2.90
I regress...
Few people have the guts to buy .02 cents.... most have mental area of .16 to .50 cents as thier belief level depending.
Recently I posted a play that fits Rick Rules criteria... except that he failed to define the one aspect clearly in the sense, that before the shoe fits... there is an opportunity to make money...
In order to do that... you need to buy real low... use level II to look for distribution... and don't fall in love when you see 30 to 100%... do something that fits your needs when it comes to taking some money off the table... A gold story that can't get over 1 million ounces in measured reserves... even in production is real risky.... to pay over .50 cents without the 1 million in sight is foolish. JMOP
A rule of thumb for real top dollar miners in gold is measured in ounces per ton... High grade open pit is 3 to 6 grams per ton...low grade bulk tonnage is 2 grams per ton and less (open pit). There are some arguable numbers in that assessment, not accounting for CAPEX (Capital Expense to build and take to production).... but it's in the ball park. The price of present day gold is bringing these numbers to reality.... over 1000 dollars per ounce as a real number, makes a lot of impossible plays open for speculation for the 1,000,000 reserve threshold workable. Exploration can be financed.
At first glance his rule fits LAQ.V ...... except for a few minor details in particular... If all they had was 500 thousands ounces, and went into production... even at .085 cents to .10 cents... there are enough speculators who fail to recognize the exuberant market value, and what I see at .075 to .10 cents... someone will see at .15 cents and so it goes providing management doesn't abuse options indiscriminately through lack of skill.
Recently LAQ has had some exposure to some higher profile risk takers...(the promo is on) Options are in the .05 cent area... diluted float is not exuberant(MOP). According to the high profile speculators who toured the operation... the consensus was that the final stop was not limited to 1/2 a million ounces... but they need to prove it up... the grades howeve,r allow for a low Nevada Jurisdiction style CAPEX (10,000,000), if they can finance to bring the potential 500 thousands ounces they think they have.... to open pit production in Friendly Nevada as a self financing option... even if that's all they had in the end was 1/2 a million ounces in production... there is still merit at .085 to 10 cents for an early play position...
If they can milestone the 1,000,000 ounce threshold then .085 to .10 cents is going to seem awful cheap...
There in lies the speculation... this is real early play... If you wish to high risk your portfolio... you need to get in under .10 cents... You must use real time to see if the management is sensitive... distribution is mild... trading is limited to traders who will wash out, and some real progress is milestoned... so that exuberance will provide opportunity for all us high risk players taking position. I have speculated exuberance based on hype, and/or on wishful thinking to take the share price to a possible mid .30 cents... if and I say if.....! the distribution is managed well by management. Speculation is a word to soften the impact of the word gambling... and this is not a recomendation to buy.
For entertainment only.
GLTA Lostoutwest
After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page
Kenuck SmallCap Trader
Korelin Radio
StockCharts You Tube Lessons
Money In Metals
Resource Clips
Stockhouse
Ticker Trax
Bullion Bulls Canada
Lex corp
Track My Trade - this is a link to an off site I follow, and have no affiliation with.
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.
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