Riding The Gravy Train: long PLE, adding RFM, selling ALZ +17%, YGC +23%, MAD +13%

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Friday, February 23, 2007

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.

We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated:
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line. We have never sold or shared our mailing list with anyone, nor will we.

Please note that we only send update notifications when a trade idea is diarized or updated materially, if at all, not if a posting only contains general commentary. Life is short, time is money, and other caveats and clichés apply, so no guarantees are stated or inferred in any way shape or form about anything within or pertaining to this blog.

This publication has been prepared and made available solely on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. Without prior written permission from RtGT the material may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.