StockBullz.com

Robert from Omaha

Arjun from Surrey

Will from Vancouver.

Thanks to all those who entered. I wish I could give you all free DVD's but I only have 3! :( 

I just came back from the post office so you should get your dvd's in about a week.

I have 3 more gold rush 21 dvd's to give away to 3 separate people. There is no catch here folks, the first 3 people who send their mailing address through the contact form will get a dvd sent out tomorrow in the mail.

Rules:

-you must not have won the past contest ;)

-your mailing address must be in canada or the usa.

That's about it. I'm feeling too lazy to organize a contest etc so here is your lucky day if you're reading this. 

It's been a long time since I posted anything so I would like to provide a little update on my plans:

I am quite sure I don't want to write daily anymore. The effort and time consumption is not worth it for me right now.

I am becoming more and more confident in my own unique trading system which looks at professional buying patterns and trend following for an exit strategy.

So far it is proving quite profitable with Strateco and Bronco Energy.

I think both these stocks have a way's to go still.

Especially Strateco. This is looking more and more like Nova #2 so maybe take a little spec position because it could be a fun ride.

I have no targets by the way because I can't predict the future. However, the chart is telling me that there is a good chance we will pass the $1.80 previous high soon.

MONTREAL, QUEBEC--(CCNMatthews - Aug. 10, 2006) - Strateco Resources Inc. ("Strateco") (TSX VENTURE:RSC - News; FRANKFURT:RF9 - News; OTCBB:SRSIF - News) is pleased to announce that Strateco's Board of Directors has approved the distribution of 20,000,000 shares of Cadiscor Resources Inc. ("Cadiscor") to Strateco's shareholders registered at the time of the TSX Venture Exchange's market closing on August 23rd, 2006. The distribution is conditional to the closing of the Initial Public Offering ("IPO") of Cadiscor on August 17th, 2006. Strateco's shares will trade on an ex-dividend basis (without the right to receive shares of Cadiscor) at the opening of the TSX Venture Exchange market on August 21st, 2006. On that date, the shares of Cadiscor will start trading at the TSX Venture Exchange under the symbol CAO. Therefore, in order to participate in the Cadiscor share distribution, investors must buy Strateco's shares on the Exchanges at the latest before the closing of the TSX Venture Exchange market, on August 18th, 2006.

The Strateco manipulators took out my stop losses and probably nearly all the stops that existed.

This shakeout may have occured because they are finding it difficult to buy more shares.

This makes me a little angry but it gives me some doubts as to whether I should continue posting my opinions and ideas publicly where the pro's can read everything I am doing.

Investing is a game. For an analogy, right now it's like if I was playing Poker and saying I could win even though all the other players knew which cards I had at all times.

I am currently reading Stock Market Wizards and there is a great interview with Steve Lescarbeau. Here is a little excerpt:

Your premise is that [O'Shaughessy's] strategies stopped working because too many people were following the same ideas.
    Exactly. The most important message I can give to anyone who reads your book is that if you have a great idea, don't talk about it.

Maybe my great idea is the stock manipulation idea from some of these old books I've just read. However, if everybody starts to trade on these opinions, maybe they won't work anymore.

I have been cautiously long a small test position in Aurelian for a couple weeks now and all was going well until today.

Why?

Because Aurelian reversed its trend today. That is, the share price fell below its 30 day Moving Average.

Now of course, the price could gap up tomorrow like Bayswater did shortly after I sold it.

However, the trick of successful investing is very simple: keep your losses small and let your winners fly.

By selling Aurelian now, I don't lose any money (unless the stock gaps down severely tomorrow) because my stop was trailing the share price.  

So I am guaranteed no loss on this speculation.

However, if I stick with the stock believing this great story of one of the best drill results ever, I leave myself vulnerable to further losses.

Yes, the stock may quickly rebound, but seriously, you (or anybody else) never knows for sure.

So I feel this is the safest and most prudent thing to do at the moment.