buying CGP, housing due to tank further, sold DUG -2.5%

Click this text for dire predictions from a source worth considering

We concur with these estimates, believing housing will generally bottom at the earliest in 3-4 years after falling another 15-25% on average.


With gold holding over $1000 and general markets still rallying, the so-called "silly season" has returned for highly speculative penny stocks in the resource sector.

It could end tomorrow or two years from now, however we believe that the greatest risk is in not taking a risk so we'll begin with the purchase of CGP, Cornerstone Capital Resources on the Canadian Venture Exchange which last traded at $0.115

We like the recent volume and price action, and cross our fingers for its prospects. We've been holders (not diarized on this blog) for some months with an average cost circa $0.07 and we now add on this break-out and pull-back and make it an "official" position.


On September 23, we guessed correctly on oil and were exactly right about when it'd make its move, and soon enjoyed as much as a 12.5% gain on the DUG purchase. However with the U.S. dollar sliding oil turned around and broke above its recent resistance and we were stopped out with a 2.5% loss on DUG, per our previously-stated stop level. Always a shame when a winner turns loser, but luckily the stop was tight.



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