Go west and consolidate
That with a strong uptrend on the chart and other supporting patterns make the risk reward trade off worth taking.
That with a strong uptrend on the chart and other supporting patterns make the risk reward trade off worth taking.
I think that you might want to chip away at this one on pullbacks and build a position. When rail traffic picks up SJ will be in a good position to benefit.
All the good fundamental parameters aren’t moving the stock higher. In these cases I always like to remind myself that the best time to buy a stock is when its going up.
At this point they have not yet determined if the resources are economically exploitable so they have to continue to drill up their deposits and expand their resource base.
When I looked at the charts they gave me the incentive to look deeper into the opportunity.
There may be some value in the properties that RUP controls but until a drill program can scare up some indication that there is gold in them thar hills I think you have a classic case of a company that has gone as far as possible with what they have been given.
From my evaluation a thin trading stock with declining revenues and perhaps a split focus for mangement suggests that perhaps your first loss might be your best loss.