Happy Canada Day!
If you're lucky enough to live in Canada like me, you know how great of a country it is!
The stock market's been pretty good recently too! ;)
Massive Breakout For Bayswater Ventures!
Just look at that volume spike! Something fishy is going on and I want a piece of it!
ARU went from $0.40 to $22 on a very similar volume and price break out and maybe Bayswater will be able to go as high.
No guarantees but I'm long until the trend reverses. This looks like a nice spec. buy right now!
Mining Companies At Feasibility Stage
I found an old piece of paper on my desk today that had a list of several mining companies at the feasibility stage. In other words, they are looking at developing their exploration property into a mine. I think I compiled it a couple months ago so things may or may not have changed.
I have not done any research on any of them except for the fact that they are at the feasibility stage:
Gold
GBG.TO http://www.greatbasingold.com/gbg/Home.asp
MGD.V http://www.mandorin.ca/
AXM.V http://www.axmininc.com/DesktopDefault.aspx
VVI.V http://www.valenciaventures.com/
MGM.V http://www.morgainminerals.com/s/Home.asp
BAJ.V http://www.bajamining.com/
Covered My CUX Short Position
CUX crossed its 30 day moving average today so sticking with my Trend Following approach, I had to cover my short position.
KRY's Chart Looks Great...
...Only if you're short!
Today we are dropping below the previous low in the downtrend and as you can see in the chart, every time we have done that, we have continued to go lower.
I have been short KRY a couple weeks now and I am beginning to see small paper profits. This is still an experimental position for me but the chart is telling me that the trend is down so that is why I am short.
The exit point for me will be a 30 day Moving Average crossover. Currently, this stands at $4.05 but it continues to adjust lower every day acting as a sliding stop loss to protect gains and prevent losses from getting too large.