PLU (Plateau Energy Metals), CRE Stop Raised, SIR Stop Triggered
Plateau Energy Metals Inc. (PLU in Canada, PLUUF in the States) is at the key $1.00 level:
At $1.10 the 4-month down trend would be broken.
A prudent stop is below the green up trend, below $0.82
We hold shares at an average of $1.04 and suggest potential buyers may wish to wait until the down trend is broken.
We're raising our stop on CRE (Critical Elements Corp.) to $0.88 from the original $0.79 set when we recently featured it.
CRE is also flirting with the key $1.00 level and has crossed it the past couple days, but so far each time it's been sold hard until back below $1.00
It's a bit of a concern when a stock can't cross and then establish bidding above $1.00 so we've raised our stop just in case this is as good as it gets for CRE.
SIR (Serengeti Resources) rose as much as 300% from our purchase just a few weeks ago, and unfortauntely today is tanking despite what is considered to be positive assay results released. No news is always the best news when a stock is gaining ground without press releases.
On the bright side, we recently raised our stop so today closed out for a gain of 87%
We may reconsider SIR after the dust settles.
At $1.10 the 4-month down trend would be broken.
A prudent stop is below the green up trend, below $0.82
We hold shares at an average of $1.04 and suggest potential buyers may wish to wait until the down trend is broken.
We're raising our stop on CRE (Critical Elements Corp.) to $0.88 from the original $0.79 set when we recently featured it.
CRE is also flirting with the key $1.00 level and has crossed it the past couple days, but so far each time it's been sold hard until back below $1.00
It's a bit of a concern when a stock can't cross and then establish bidding above $1.00 so we've raised our stop just in case this is as good as it gets for CRE.
SIR (Serengeti Resources) rose as much as 300% from our purchase just a few weeks ago, and unfortauntely today is tanking despite what is considered to be positive assay results released. No news is always the best news when a stock is gaining ground without press releases.
On the bright side, we recently raised our stop so today closed out for a gain of 87%
We may reconsider SIR after the dust settles.
posted by C. Guinness @ 3:52 PM
<< Home