long PLE, adding RFM, selling ALZ +17%, YGC +23%, MAD +13%

Long Plexmar Resources Inc., which trades under the ticker ticker PLE in Canada.

We've charted this stock since its meteoric rise between April-September 2006, while most stocks were dropping fast or at best staying flat. It pulled back significantly afterwards and has not participated in the general resource stock runs seen since then, which makes this one an odd study. It has held its $0.50 support level however, and now appears ready to resume an upward trend thus we go long.




Rimfire Minerals we originally called in mid-October and we enjoy a 38% gain since then.

To us the Rimfire chart suggests the stock is ready to break above key resistance and enjoy another profitable run, thus we add to our holdings.







We're selling in Canada :

ALZ for a 17% gain since called in late August. We feel it's lagging and might not stay above it's support.

YGC for a 23% gain since called in mid-November. It seems weak this year and we're not interested in the coming merge, preferring to step aside for now.

MAD for a 13% gain since called in mid-October. We feel it's lagging and will tranfer these funds into additional shares of RFM per the details above.

Enter your e-mail address to be notified when this blog is updated.

email:

long TEL

Long Trigon Uranium Corporation, ticker symbol TEL in Canada, at $0.85



We like the chart which is most notable for the major gains the stock enjoyed in November and December. It has effectively traded sideways since then, and we feel it is near a make-or-break point.

Upward-trending markets and a strong sector are in its favor, thus we go long with plans to hold on closings above $0.75

Trigon Uranium Corp.

Enter your e-mail address to be notified when this blog is updated.

email:

selling RC for 188% gain, add HPSA

We're selling a big winner for us, RDM Corporation on the TSX, ticker symbol RC, which was originally called in early October at $1.77 and updated a few times in the months since then. During that time it has risen 188% to the current level over $5.00

We've held since just over $1.00 so we know it well, and we feel this stock looks tired and expect it will not hold over the $5 level it currently enjoys. Coupling this belief with our expectation of a general market pull-back along with our stated goal of reducing holdings into the Spring, we sell RDM Corporation.

In apparent contradiction of our stated plans however, we add to another very successful call in the hopes of taking advantage of an event we expect in the very short term. Hammond Power Solutions Incorporated, ticker HPS-a on the TSX, is a company that we called at $4.15 on October 12 and has since traded to $7.99 for a paper gain of 93%. Each time it releases the latest numbers, the news is excellent and the stock rises. We feel the forthcoming numbers will be no different, thus we add to our holdings of Hammond Power Solutions.

Enter your e-mail address to be notified when this blog is updated.

email:

selling BVG, SSE, ABN, SSV, FRX, UNI, NUC

Yes, we're still alive and well. As we'd promised, once into this new year we're letting go of the laggards and letting the winners ride.


To recap, of the holdings that we've held for 3 months or more (going back to inception of this blog in early August '06) :

5 of 34 are up 100% or more
13 of 34 are up 50% or more

Average gain for the shares held 3 months or more = 43%

Portfolio's average gain to date = 39%


All despite these laggards, which today we sell :

BVG for a 1% loss.

SSE at break-even.

ABN (both positions) for a net gain of 1%

SSV for a 3% loss.

FRX for a 10% gain.

UNI at break-even.

NUC for a 52% loss. A horrible laggard that should not have been held under $1, but we had hoped the sector would buoy it somewhat. We now give up hoping so in vain and put this tactical error behind us. It is plays like these that remind us why we are careful to put a similar amount into each holding rather than over-weighting.

These stocks all trade on the Canadian Venture Exchange.


We remain gold, silver, platinum, and uranium bulls.

Enter your e-mail address to be notified when this blog is updated.

email: