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

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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

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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

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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

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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

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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

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Grandich

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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

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Grandich

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