adding HPSA, accumulating AVL, buying URC

No news has been good news here of late.

We enjoyed a big jump in most uranium stocks today, including a 27% jump in Mega Uranium, MGA, which was bought a month ago on March 6 and is now +46% since called.

Further calls in March included Bayswater Uranium, BAY, which is now +30% since called on March 6, Avalon Ventures, AVL, which is now +11% since we called a start to accumulation on March 7, and Cardero Resource Group, CDU, which is now +46% since called also on March 7.

More good news this past month came in the form of a jump in Snowfield Development, SNO, now +150% since called in late December and looking to us as if it'll go even higher soon.

Our shares of Altius, ALS, also had a great few weeks, rising 40% since early March and now +105% since called early last October.

The remaining calls in March were an addition to Patch International, PTCH which has gone down some, but we hold as it remains above its up-trend line and we are still up roughly 50% on the combined Patch holdings, and Red Hill, RH, which is +8% since the addition in early March and +33% since our initial call.

We took one loss in March upon closing our position in Plexmar Resources, PLE, at -15% which was called in late February. We'd said then that support would prove to be at the $0.50 level and we called our sell when it closed at $0.49. It has since dropped steadily to an intra-day low today of $0.28 Luckily we got out in time, as preservation of capital is a key component to successful investing.

We're done accumulating Avalon Ventures, AVL, as we wrote that we'd be buying under $1.50 and to us it appears poised to break above that level.

Our original call on Hammond Power, HPSA, is +140% since our call in the middle of October 2006. We called an addition in mid-February of this year on the expectation of another record earnings report and when that came in early March we closed that additional position for a quick +23% gain in just two weeks. The stock has calmed since that jump and we re-enter an additional position here at $9.93

Finally, we buy Uracan Resources, URC at $0.94 We see support at $0.85 currently, with a massive upside and the winds in favor of relatively undiscovered uranium speculative plays such as this one. Visit the company website by clicking here.

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