The story so far - a blog recap.

We don't feel our most comfortable when looking back as it strikes a complacent pose, however there have been repeated requests from readers for a recap of current positions and some indication of which calls still seem good entries to us.


The blog has been active since early August. So far we've played longs, shorts, and some precious metals. We cover securities trading on North American exchanges from the Pink Sheets to the TSE to the NYSE. There have been 48 calls made, of which 46 are still open.

- 79% of calls have been winners, for an average gain of 36%

- 1/4 of positions have gained more than 50%, two of which are up more than 100%

- only 10 calls are currently in the red, on average 16%

- two positions have been closed, for average gains of 39%

- equal money put into all of our calls, which is how we play them, has resulted in current gains of 27% in 4 months.

So far so good, but this is by no means an indication of future performance. We can only hope for continued good fortune and continue our work to that end.


For fresh entries, most of our more recent plays have yet to appreciate significantly and thus might be of greatest interest to new readers. We'd be comfortable taking additional positions in nearly all of our open calls, so it is simpler to list the companies we would not take fresh positions in currently :

Skor Foods, SKF
Aldershot Resources Ltd, ALZ
Bravo Venture Group, BVG
Southern Silver Explorations Corp, SSV
Fortune River Resource Corp, FRX
Nova Uranium Corp, NUC

All of these trade on the TSX Venture Exchange in Canada, and we reiterate these are our past calls in which we would not take positions at this time. Our lack of current enthusiasm is not a vote of non-confidence in the companies but rather an admission that these are not our best calls. The simple reason is that while the vast majority of our plays have appreciated dramatically in a short amount of time, these are down for us during bull markets and so from our perspective appear to be laggards. Not every play will be a winner, everyone surely knows.


In reading this blog and particularly this recap, please keep in mind that the usual caveats apply. We hold positions in the stocks we discuss. We make no "buy" or "sell" recommendations, this blog does not constitute investment advice, and our plays are generally risky and admittedly our success is more lucky than deserved.

We simply strive to buy stocks going up and to short stocks going down, at the most opportune entry levels we can discern, in the hope of future profits upon exit. This is simply a diary of our trading with a bit of commentary and the occasional interesting link for color, and we hope it is of some use and amusement to our readers.

Happy trading and great gains to all !