Before you commit new money to your existing position in COM let it make a sustained break above $9.00 and watch for continued support at $8.00 so that you hold onto the profits you have already earned.
SII is having trouble holding onto support so you want to seriously consider how you approach the opportunity. SCP could remount a test of its previous high of $5.00 but it has to get through resistance at $4.50 to do that.
What you should take from these two bits of information from the data stream is that lower demand and increased supply will always result in lower prices.
May 26, 2010 | Posted in
Energy |
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Hello my friends, May friend Jack, the seven year old who has helped raise over $150,000 for the SickKids Hospital that serves the Greater Toronto Area is holding his 4th annual Lemonade Stand this Saturday May 29th in Oakville, Ontario. If you are in the area please drop by or please use [...]
May 25, 2010 | Posted in
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Hi Lou , Keep up the great work and have a great summer! I was just wondering what your opinion of OPTI Canada is. It seems like this would be a great stock to buy and forget about for a year or two. With their production targets just a matter of time and the [...]
May 21, 2010 | Posted in
Energy |
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Hello Lou, I have been following your posts for a few months and I always find your analysis helpful. I was wondering what you think of Visa as a value option now that it has taken such a nosedive in the last two weeks. The decline has come on the heels of a vote [...]
If you have a 5 year time horizon, have taken the bit on a continued advance in gold, and have an appetite for risk then the warrants offer a reasonable reward for the risk you are taking.