StockBullz.com

In the past couple weeks, I have not been tracking the markets during trading. Instead I have been looking at charts and quotes after the market close.

I guess you could this an experiment of mine to try to totally detach emotional effects from my trading decisions.

Watching the market during the open is marvelous when everything is going up because every time you press refresh, you are $1000 richer (or more). But the exact opposite happens when the market is on its way down. Every time you check your stocks, they are down and it seems like your money is just evaporating away.

It is during both times where your emotions overtake common sense in your trading decisions. Greed is rampant during the bull phase and fear is all there is when the market stays down for a prolonged period of time.

So when you begin to only do your research work when the market is closed, it does help to seperate emotions from your trading because no matter how fearful or greedy you become on any particular stock, you can't buy or sell it because the market is closed!

I fired off the following email to Guy Hebert, Strateco CEO over the weekend.

hello,

please tell me if you are planning a promotional drive anytime soon to
let everybody know how great your company is.

why do you think the share price has been so flat recently?

which month do you think will be the most active for news releases?

do you think it is still worth exploring mont laurier seeing how the
market is reacting to nova uranium's results?

thank you,

Mike

And I got the following response:

Hi Mike,

Regarding promotion.A site visit (Matoush) is planed for the third week of August for 7 senior mining analysts and Northern Miner journal.In September 10 days trip in Europe is scheduled including a speech on September 22 in London to UK mining analysts.

Summer market is always flat for volume.Yes is still worth to work Mont-Laurier.I worked there in 1973 and we know that we have the best piece of ground in the area.

Regards,

Guy

In my opinion there has been a lot of hype right now about the current play that is "hot", that is the Cordillera del Condor area in Ecuador. Aurelian recently intersected some of the best grades in a long time there.

Now of course every time a company like Aurelian makes a huge break with great results, there always seems to be a big rush to claim all the land around the first company's claims.

In the case of Aurelian, there are now several companies vying for investor's attention by saying they are right beside Aurelian and they will find grades just as good or even better than Aurelian.

Now I don't buy this and I think investors come out better time after time going with the real deal rather than the tiny companies feeding off the scraps.

The last hot play that I can recall was the Mont Laurier one of which Nova Uranium was the top dog there. They kept quoting 77 lbs historical resource and during the time period until the drill results, the price rose 1097% from bottom to top.

The Strateco accumulation professionals are extremely good. They are so good that I have tried two days in a row to buy some shares and I haven't been able to.

On Tuesday I entered a day limit order for $0.80. That was not filled.

Today I entered a day limit order for $0.82. That was again not filled.

The price has been unchanged for 3 days straight which I think is very good news.

Tomorrow I will probably again try to get some shares.

Oh and if you didn't notice, Strateco released some great news that is nothing new but confirmation of what was the original plan. The news has to do with the spin off of its gold assets into a new little junior. This company will have a tiny market cap so I am thinking that if they have some great discovery we will be able to get in before the big news by watching for stock accumulation. Here is the entire news release: 

A funny thing happened today with Bayswater, the speculative Uranium stock I was telling you about the past week or so.

Today someone by the name of Dines recommended it and the share price and volume went (literally) through the roof.

Almost 10 million shares were traded (the most actively traded stock on the Venture Exchange) and the stock closed the day up 56%. In my opinion that is madness!

Perhaps I feel a little unlucky that I just sold my shares at $0.74 at my stop loss just a few days ago but you can't dwell on little mishaps like this.

There is nobody except insiders who could have predicted a move like this.

However, just keep in mind that for every buyer of the stock today, there was a seller. Is the seller stupid? Why would he sell now when the stock is going so much higher? Well the seller is selling usually because he thinks the stock can't go any higher or he thinks that he can buy his shares back later for a cheaper price.