Riding The Gravy Train: June 2020

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Thursday, June 25, 2020

IMT Next?


Penny stocks have started to take-off, and we're benefitting tremendously thus far.

Recent examples include:

May 19 Update FG (Falcon Gold) up 54% since.

June 20 Golden Goliath (GNG) up 66% the next day.


Is IMT next?

We most recently wrote about it when we added to our position on April 17

It's already doubled since then, and given its low float and exposure to several currently hot sectors (see post linked above), it could have a long way to run.

If you're going to buy or add International Montero, trading in Canada under ticker IMT and in the States under ticker IMTFF, do so while it's still below $0.05 and consider it a call option that'll never expire.


 


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Saturday, June 20, 2020

Golden Goliath Resources (GNG)


Golden Goliath Resources was featured in this blog in late October of 2018 when it was trading at $0.035

This week it closed at $0.09

Its chart:



The descending red line depicts a 4-year down trend, likely soon to be broken (blue circle) and the green is an up trend.

The horizontal black line shows established resistance at the key level of $0.10

We're still holding our position without a stop in mind. 

For those wishing to speculate, adding above $0.10 and if need be then selling below $0.07 should present a reasonable risk/reward ratio given the tremendous upside potential.

 


PLEASE READ DISCLAIMER AT BOTTOM OF PAGE