Riding The Gravy Train: buying CXX, SNO, OK

Riding The Gravy Train

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

Thursday, July 19, 2007

buying CXX, SNO, OK

Today we purchase holdings in two companies on which we enjoyed sizeable gains in the past, in the hopes of now catching a new move upward in their share prices.

On Crosshair Exploration & Mining, CXX we enjoyed 66% and 100% gains in 1 month and 6 months respectively. We now re-enter at $2.66 as we feel the stock, its sector, and its prospects are better and safer holdings presently after 6 months of consolidation to a lower share price.

On Snowfield Development Corp, SNO we realized an 81% gain in just over 4 months and when we sold on May 1 of this year we wrote "We're eager to see the results of the company's program, however the up-trend appears breached and we do not wish to risk losing this quick large gain." Since then there has been consolidation in the price and volume and now the trend appears to have resumed which again makes this prospect compelling to us, so we buy back in at $0.30 in hopes of a break above that level in a renewed up-trend.

A fresh entry is found in Orko Silver Corp., OK which we buy at $0.86 and wish to limit losses if it closes below $0.75 as per our interpretation of its technical support. We like the trading pattern and we remain especially bullish on silver.

Crosshair Exploration & Mining
Snowfield Development Corp.
Orko Silver Corp.

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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.

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