selling CVV, buying NUS

Despite uranium continually rising, now at an all-time high of $135 USD/lb, generally uranium stocks have done poorly the last few months.

Luckily we sold most of our uranium holdings much higher for phenominal profits - including Crosshair +100% and +60%, Altius +97%, Strathmore +130%, Santoy +251%, EMC +151%, UEX +71% and many more, all in a matter of only months after initial purchase, however a few uranium stocks remain among our holdings and we address a pair of those today.


Frist we sell CVV, Canalaska Uranium, as it has closed below its long-term trend three days in succession, booking a 26% gain in the 7.5 months since called.


With Mega Uranium, MGA, closing below apparent support at $6 we've taken a closer look and note that the long-term trend of 2 years is just below the current close. This appears to be an ideal level at which to make initial entries or add to positions, however if closing below $5.50 this stock is technically a "sell" in our view. Please note whenever we cite price levels we mean closing prices above or below those levels, not intraday prices.

Should it come to selling our positions in Mega, we'll be glad to re-enter if a more favorable situation presents itself in the future trading of this stock. If we end up buying back in at a higher level, that's a normal part of the risk involved in all such trading and a fair price to pay for avoiding the high risk in holding a stock that begins trading below long-term support lines. However with luck, we will not find ourselves in that situation and for now we continue to hold.


We buy NUS, Nautilus Minerals Inc., at $5.15 on the Canadian Venture Exchange. Please note we are existing holders of Nautilus, having purchased shares this week at an average price of $5.12 In that regard, we're in good company given their largest shareholders (as of Feb 22, 2007) including :

Epion Holdings - associated with Russia's largest iron ore producer 16.8%
Anglo American 6.4%
Teck Cominco 5.8%
Barrick Gold 3.7%

Click here to read their latest newsletter dated Q2 2007, and click here to peruse the media coverage the company enjoys.

It's an exciting story, but we are most compelled by the price trend which suggests an imminent break to the upside.



Nautilus Minerals


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