buying PNP, SAN

Happy New Year. May 2008 keep you in good health and spirits, and may the markets this year be as very generous as they were in 2007 !

Our outlook on the markets remains as it has over the past several updates, and so too our outlook on gold, silver, uranium, and housing which has remained consistent since inception of this blog. See also our post of April 12 2007. No sense changing what has proven to be so extremely accurate. Simply, we expect the evident trends to continue.

However this is a trend we hope to see come to an end. Pinetree Capital Corp. has been in a down-trend since August of 2007 (the black line seen in the chart below), but has seen support at current levels since the summer of 2006 (red line).




Will this be an octuple-bottom or will the stock fall to new lows? One way or another, history will soon repeat and the black line will again prove impassable or the red line will hold. Also factor the up-trend (green line) stretching back to early 2005 which we hope will remain in effect, as we maintain existing long-term holdings in PNP.

We do not normally try to "bottom fish" stocks, especially not stocks that are consistently dropping, but the profit potential in a turnaround we believe is great in this stock at this level so we are compelled to buy. Should the apparent support level and apparent long-term trend fail however, we expect the stock to soon be closer to the $2 level.

We've been very lucky with our uranium holdings thus far, selling most near the highs last spring for astounding gains including +106% on Crosshair Explorations, +251% on Santoy Resources, +151 on Energy Metals Corp., +71% on EUX Corp., +57% on Ur Energy, +97% on Altius Minerals, +130% on Strathmore, +64% on Red Hill Energy, +91% on Red Hill Energy round 2, and +42% on Santoy Resource round 2. Perhaps even more impressive, the longest holding period among those was 7 months while the shortest was only 1 week.

Most of those stocks fell long and hard after we sold, including Santoy both times, yet it is Santoy last at $0.45 which we buy yet again. May the 3rd time be yet another exceptional gain in Santoy.

See the chart below for the trends we believe to be evident. It's a long way up or down from this level, and the move should come soon.

We also remain very bullish on CVTech Group in which we maintain holdings as per recent updates.





We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or for mentioning them in this blog. If we hold existing positions we divulge the fact, otherwise we generally buy and sell as diarized here. This blog itself is merely a chronicle of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult your broker or investment advisor before making any investing decisions.

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