SRG, Sunridge looking great

A self-evident and consistent bullish pattern can be seen in the Sunridge Energy Corp. 1-year chart below. 

Given markets overall in addition to specifics with respect to the company itself, our bet is that resistance (represented by the black horizontal line) will be broken and if so we'd not be surprised to see that level become supportive with share pricing going much higher.

We first wrote about it when it was at $0.20 in mid-February of this year, disclosing an existing position with an average cost of $0.18  Within the following week, shares could've been purchased as low as $0.15  We again wrote about what we feel is its "massive potential" in mid-May when it traded in the low $0.20 range.  We'll now seek to add to, thus doubling, our position below $0.30 

Click here to visit the company's website.



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 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, 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 or click here to do so automatically if your computer is configured accordingly. We have never 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, not if a blog entry only contains general commentary.