Long MZU, SNO

Continued success ! Highlights so far this week :



- Uranium stocks running hard, as we'd hoped. We are fortunate to hold too many to list here.




- WNR, Western Refining has thus far bounced back very well after yesterday's downgrade by one analyst.

- MAI, Minera Andes is rising on the announcement of compelling prospects.

- DCS, Dreman Claymore hit an all-time high.

- EMC, Energy Minerals Corp. (EMU in the US) hit an all-time high.

- ALS, Altius Minerals Corp. sits a few cents below its all-time high.

- QTA, Quaterra Resources sits just shy of its all-time high.

- HPS.a Hammond Power hit an all-time high.

- YGC, YGC Resources hit an all-time high.


In the hopes for more of the same we go long MZU, Mesa Uranium Corp. at $0.67 and long SNO, Snowfield Development Corp. at $0.16 , both on the TSX Venture Exchange.

The Mesa Uranium call is a simple one.

Uranium remains our favorite sector and the MZU chart suggests an imminent break above $0.75 and perhaps over the significant $1.00 level.

The chart and headlines for Snowfield Development are encouraging, making an argument for some buying to arrive in anticipation of test results. The $0.10 level appears to us to be the current support.