SIR (Serengeti Resources) Update, Up 170% in Less Than 2 Weeks
This is an update on our purchase of Serengeti Resources (SIR in Canada, SGRNF in the U.S.) earlier this month.
The stock has enjoyed a remarkable rise in the short time since then, fuelled by compelling assay results.
On this chart we see that
the recent rally has cleared a nearly 8-year down trend and historic resistance:
It'd be a show of disappointing weakness if it trades back below the low of last week, so we'll raise our stop to $0.23
Strongbow Exploration Inc. (SBW in Canada, SBWFF in the U.S.) and International Montoro Resources (IMT in Canada, IMTFF in the U.S., 04T in Frankfurt) still seem reasonable speculations to us, per the link above.
The stock has enjoyed a remarkable rise in the short time since then, fuelled by compelling assay results.
On this chart we see that
the recent rally has cleared a nearly 8-year down trend and historic resistance:
It'd be a show of disappointing weakness if it trades back below the low of last week, so we'll raise our stop to $0.23
Strongbow Exploration Inc. (SBW in Canada, SBWFF in the U.S.) and International Montoro Resources (IMT in Canada, IMTFF in the U.S., 04T in Frankfurt) still seem reasonable speculations to us, per the link above.
posted by C. Guinness @ 4:59 PM
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