Long ABN (add), update : RC, PTCH, PAIM

The chart suggests an imminent break-out beyond key resistance, and we await what will hopefully be encouraging results from the activity detailed in these recent press releases :

Drilling Begins on Sims Lake Uranium Project in Labrador

Triex Minerals Begins 4000-Metre Drill Program on Mann Lake Uranium Project

Cameco Triples Budget for 2007 Exploration on their Mann Lake Property beside Consolidated Abaddon's Mann Lake project

We originally featured ABN at $0.50 in early August, and in anticipation of additional gains we add long ABN, Consolidated Abaddon Resources Inc. at $0.68 on the TSX Venture Exchange.


Updates :

RDM Corporation has appreciated rapidly, this past week rising another 15% to close at $3.77 which represents a 5-year high and a gain of 113% since our call in early October. We hold our shares and remain bullish.




Patch Energy was one of our few calls in the red until rocketing up 60% this past week to $1.43 thus joining the list of profitable calls. PTCH was featured in late August at $1.10 at which time we wrote "The chart suggests it'll coast just above $1 before making another upward move and a breakout over $1.50 would be extremely bullish, however if it breaks downward the support should be no lower than $0.50" Indeed, just two weeks later the stock hit an intra-day low of $0.55 before consolidating above $0.75 and now finally rising past the key $1.00 level and appreciating as we'd hoped for.




PAIM putters along in the same trading range it's been in since our call a month ago. We reiterate its highly speculative nature and while we feel in that light it is a good gamble, we remind readers to revisit our original caveats. We'd be quick to sell on a close below $0.001 however the longer it consolidates the greater we believe the chance of its rapid appreciation as is the nature of such plays if volume buying arrives. Should we be so lucky, we'll take the momentum profits once the volume seems to have run its course and the chart no longer supports holding shares. Of course we'll update readers in either case.