Buy-High-Sell-Higher.com

Well, we are half way through the year, and it is not a pretty sight.

I was up approximately 10% at the end of each of February, March and April. By the end of May I was down 2%, and now I am down 9.7% on the year. It is not fun to spend half a year working, only to lose almost 10% of my portfolio’s value.

However, I am not yet ready to jump off a bridge. Here’s why:

First, there are no bridges near me, which is good news.

Second, let’s put this in historical perspective. At the end of April, 2006 I was up 50.4% on the year. By the end of June, 2006 I was only up 6.9% on the year. That means that in two months last year I lost 43.5% of the value of my portfolio. 41% of that 43.5%, in other words most of it, came in the month of May.

To repeat, last year my portfolio dropped by 41% in one month.

By the end of August 2006 I was up 19.2%, but by the end of September I was only up 6.1%. Lest we forget, last year was also volatile.

Why I am bringing up such bad news? Simple. By the end of October, I was up 42.2%, by the end of November I was up 72.5%, and by the end of December I was up 94.3% on the year.

Now obviously this year is different than last year. I didn’t have a 50% gain going into the month of May to allow me to weather the storm and still come out in positive territory. I started May only up 10.9%, so obviously a drop of 20.6% over two months will put me down almost 10% on the year.

To put this simply, last year the “spring run off” cost me 43.5%; this year it has cost me 20.6%, less than half as much. Obviously I’m not happy about this, but looking at it historically, I don’t see this as the end of the world. It looks bad day to day, but I have been through this before, and have lived to tell the tale, and profit handsomely.

No bridge jumping today.

(As an interesting sidebar, this has been a very volatile week; we are all waiting for the downside or upside break out to happen. As a result, this was the busiest week for activity and number of hits on the Buy High Sell Higher Forum, so obviously we are all paying close attention to the market’s comings and goings).

Third, I think there are some obvious bargains out there. For example:

CXX.V - Crosshair Exploration & Mining Corp. is looking really good; see my detailed comments, and a chart. Also, TVC.V - Tournigan Gold Corp. is looking like it is at a good buy point.

Fourth, historically, summer is a good time for uranium stocks. Not a great time like the late fall and early winter, but a good time. As mentioned in previous weeks, I plan to buy selected producers or near producers and move towards a fully invested position, and then start taking money off the table later in August.

However, as you can see from my portfolio list below, while some stocks have bottomed, many others are still not at attractive buy levels. I think that means we will have more volatility in the next few weeks, so I will not be fully invested for a few weeks, I assume.

Finally, for all of you non-Canadian readers, Monday is a holiday in Canada. (July 1 is the anniversary of the forming of the Dominion of Canada on July 1, 1867; when I was a kid we called it “Dominion Day”, which is what I still call it, but officially it is now the un-imaginative “Canada Day”). With the American Fourth of July holiday also this week, volumes will be low, but that may make for some volatile swings, which may present some nice buy points.

Happy Dominion Day.

Here my updated portfolio and watch list:

• AXR.TO - Alexco Resources Corp. - 1% (wait to buy) - It would appear that bottoms were made on May 25 ($5.15), May 30 ($5.15), June 26 ($5.14) and June 27 ($5.15); Alexco closed on Friday at $5.29, but only time will tell if $5.15 is the base; the prudent move would be to wait until it closes over $5.50 so that we have confirmation that the downtrend since the high of $6.69 on February 26 has been broken.
• AQI.TO - Aquiline Resources, Inc.- 1.5% - The year long chart shows an obvious uptrend starting in January, which is more than I can say for many other stocks, so this one is a buy, right now.
• CCO.TO - Cameco Corp. - 0% - I know it’s a blue chip, and I know all of the analysts are raising their targets and recommending it, but I just can’t bring myself to buy a stock where the freakin’ mine is flooded!
• CHX.V - Cash Minerals Ltd. - 2% - it’s beaten down, but looks like a bottom has been reached, so I’m slowly accumulating.
• CXX.V - Crosshair Exploration & Mining Corp. - 2% - looks like it is at a great buy point; see my detailed comments, and a Crosshair chart.
• DML.TO - Denison Mines Corp. - 4% - PRODUCER - they are a producer, but they are on the acquisition trail, which has put down-ward pressure on the stock; I have down-graded it to 6% of the portfolio, and I will keep watching to see if it has put in a solid bottom; no buying until we know that a base has been established.
• EDR.TO - Endeavour Silver Corp. - 2% - silver producer; beaten down recently, but I’m still holding.
• FIU.TO - First Uranium Corp. - 2% - CLOSE TO PRODUCTION - Has pulled back from it’s high; I have been waiting to buy; $12 looks like a good buy point, so I will be putting in some buy orders this week (yes, I know I said that last week, but I still mean it).
• FSY.TO - Forsys Metals Corp. - 4% - ADVANCED EXPLORATION - I do own it, and I like it; I may increase to a 6% weight as it moves up, primarily because I want higher weightings in stocks that are close to production, and therefore slightly less speculative
• FRG.TO - Fronteer Development Group Inc. - 8% - ADVANCED EXPLORATION (through it’s ownership of AXU.TO - Aurora Energy Resources, Inc.); solid near blue chip stock, also appears to be at a good buy point.
• GEM.V - Pele Mountain Resources Inc. - 4%- ADVANCED EXPLORATION - chart looks like a bottom has been reached; good things expected to happen in the future as they get closer to production, so I have started accumulating
• GBU.TO - Gabriel Resources Ltd. - 3% - Gold producer; you can read more details from my notes on June 1
• JNN.V - JNR Resources Inc. - 1% - Last week I said: “It’s been beaten down recently, but appears to have made a bottom, so time to start accumulating; I will be buying more at the $2.60 to $2.70 level, but it’s a junior exploration company, so it won’t be a big component of my portfolio” - it still looks beaten down, and I don’t see a bottom yet, so it’s too early to start buying.
• KRI.TO - Khan Resources Inc. - 2% - CLOSE TO PRODUCTION - I have been watching this one for a long time; it got ahead of itself, but has now pulled back to reasonable levels and has started to rise; they are close to production, which fits in with my revised approach; I don’t yet own it, but plan to put in buy orders around the $4.30 level, which will be confirmation that the down-trend has ended.
• LAM.TO - Laramide Resources - 2%- ADVANCED EXPLORATION (which is why it’s in the portfolio), but it has been beaten down recently, so I have reduced it’s weighting; I will increase in the future once it’s clear that a bottom has been reached.
• MGA.TO - Mega Uranium Ltd. -2% - ADVANCED EXPLORATION (which is why it’s in the portfolio), but it has been beaten down recently, so I have reduced it’s weighting; I will increase in the future once it’s clear that a bottom has been reached (kind of sounds like my LAM.TO - Laramide Resources comments, doesn’t it)?
• PAA.TO - Pan American Silver Corp. - 8% - It’s not clear that a bottom has been reached, so I may be over-weighted on this one, but silver stocks should move up from here, it’s a solid blue chip stock, so I’m holding
• PDN.TO - Paladin Resources Limited - 6% - PRODUCER (at its recently commissioned Langer Heinrich mine in the southern African state of Namibia) - production is not meeting expectations (see Forbes article); the $7.30 level is probably a bottom, so I’m keeping it in my portfolio, and I am only weighting it as high as I am due to it’s producer status.
• PNP.TO - Pinetree Capital Corp. - 4% - Chart looks terrible, hopefully $9 is the bottom; I have downgraded it to 4% of the portfolio, and will increase it’s allocation in my portfolio if circumstances warrant (ie. it starts to go up). At some point our friend Mr. Dines will tell us to back up the track, so until then, I hold.
• PWE.V - Powertech Uranium Corp. - 4% - ADVANCED EXPLORATION I hope a bottom has been reached, so I have started accumulating. Due to it’s advanced exploration status, I will be buying until I get to around 4% of my portfolio (currently only 1%).
• PXP.V - Pitchstone Exploration Ltd. - 1.5% - Junior explorer, I’m holding; an entry point is probably around the $3 level to confirm an upside breakout.
• SMD.V - Strategic Metals Ltd. - 3% - This is one of my non-uranium holdings, but since it has broken downwards through support at 80 cents, I am reducing it’s weighting in my portfolio.
• SLW.TO - Silver Wheaton Corp. - 1.5% (but not yet) - Silver stock, obviously, with good financials; however, the stock is very volatile, so I plan to put in a buy order at $12; if it gets filled, great, if not, I wait
• SSO.TO - Silver Standard Resources, Inc. - 7% - Solid silver stock, long-term holding, has been beaten down but a bottom appears to have been reached, so I’m holding.
• SXR.TO - SXR Uranium One, Inc. - 4% - PRODUCER - They are a producer, but the stock has been declining, so I am under-weighting it until the situation resolves
• TVC.V - Tournigan Gold Corp. - 4% - ADVANCED EXPLORATION - This is a uranium stock, not a gold stock, and the chart looks good, so I’m beginning to accumulate
• UEX.TO - UEX Corp. - 4% - ADVANCED EXPLORATION - Chart looks good, and I want to own companies that are close to production.
• URZ - Uranerz Energy Corp. 2% - CLOSE TO PRODUCTION - Not sure if a bottom has been reached, so I have not started buying yet, but it’s a virtual blue chip company, so I will start accumulating once the bottom becomes more apparent.

As always, please leave your thoughts by posting a comment below, or on the Buy High Sell Higher Forum.

Thanks to all for reading and contributing, and have a profitable week.

Last week I asked for your suggestions on what to buy; thanks to all who presented their thoughts on what stocks to buy on the Buy High Sell Higher Forum.

Based on your thoughts, and my research, here are my thoughts:

First, I believe we have reached the bottom, so now is the time to move towards a fully invested position. Not immediately, but over the next few weeks, since I believe we will look back on early July as a great buying opportunity. This means that for stocks I want to buy, or increase my holdings, I will be putting in below market orders and hope they get filled on dips.

Second, I believe that the best uranium stocks in the near term will be producers, or companies that are close to production. Why? Because a company that will have production 10 years from now, once the price of uranium has backed off from $150 per pound to $50 per pound, is probably not a great long term investment. The companies I want to own are the companies that will be able to take advantage of high prices in the near future (one to three years).

To that end, I took a list of companies that are close to production, which I found at U3O8.biz, and then looked for the companies with the most attractive charts. (Note that U3O8.biz shows PDN.TO - Paladin Resources Limited as not yet being in production, but it is, so we all have to do our own research). In other words, I’m using both fundamental and technical analysis. In addition to wanting a good chart, I also wanted good fundamentals, so some companies near production were knocked off my list. For example, AXU.TO - Aurora Energy Resources, Inc. is a great company, but since it’s largest shareholder is FRG.TO - Fronteer Development Group Inc., which I own, and I see no reason to own both companies.

Third, as pointed out by davidslane in the Buy High Sell Higher Forum, uranium stocks have a small degree of seasonality, tending to peak in late August, late November, mid February and a smaller peak in mid April. They then have bottoms around mid June, mid October, early January, and then the end of February or early March. Obviously these dates are not specific, and the past is no guarantee of the future, so they may not happen. However, that’s why I want to be buying now.

It therefore also seems logical to me to start taking some profits on the big up days in August. If by mid August I am up 30%, I will take 30% of my cash off the table, and look to reinvest it gradually in October and November.

So, what am I holding, or planning to buy? Here’s the list:

• AXR.TO - Alexco Resources Corp. - 1% - MACD and RSI have declined to favorable levels; upturn appears to be happening; some exposure in the silver market is a good idea; I own it, and I’m holding.
• AQI.TO - Aquiline Resources, Inc.- 1.5% - The stock has fallen from around $12 to $10.26 in the last few weeks, and the RSI has fallen to $54.29; I don’t own it yet, but I plan to put in a buy order at $10 and start buying, since we are getting close to the time where some money needs to go into some precious metals plays.
• CCO.TO - Cameco Corp. - 0% - I know it’s a blue chip, and I know all of the analysts are raising their targets and recommending it, but I just can’t bring myself to buy a stock where the freakin’ mine is flooded!
• CHX.V - Cash Minerals Ltd. - 2% - it’s beaten down, but looks like a bottom has been reached, so I started nibbling this week.
• CXX.V - Crosshair Exploration & Mining Corp. - 2% - looks like it has finally broken out; I will start nibbling; see further comments in the Forum.
• DML.TO - Denison Mines Corp. - 9% - PRODUCER - sold uptrend, good RSI and MACD levels; this is a good, solid producer; I like it.
• EDR.TO - Endeavour Silver Corp. - 2% - silver producer; beaten down recently, but I’m still holding.
• FIU.TO - First Uranium Corp. - 2% - CLOSE TO PRODUCTION - Has pulled back from it’s high; I have been waiting to buy; $12 looks like a good buy point, so I will be putting in some buy orders this week
• FSY.TO - Forsys Metals Corp. - 4% - ADVANCED EXPLORATION - I do own it, and I like it; I may increase to a 6% weight as it moves up, primarily because I want higher weightings in stocks that are close to production, and therefore slightly less speculative
• FRG.TO - Fronteer Development Group Inc. - 8% - ADVANCED EXPLORATION (through it’s ownership of AXU.TO - Aurora Energy Resources, Inc.); solid near blue chip stock, also appears to be at a good buy point.
• GEM.V - Pele Mountain Resources Inc. - 4%- ADVANCED EXPLORATION - chart looks like a bottom has been reached; good things expected to happen in the future as they get closer to production, so I have started accumulating
• GBU.TO - Gabriel Resources Ltd. - 3% - Gold producer; you can read more details from my notes on June 1
• JNN.V - JNR Resources Inc. - 1% - It’s been beaten down recently, but appears to have made a bottom, so time to start accumulating; I will be buying more at the $2.60 to $2.70 level, but it’s a junior exploration company, so it won’t be a big component of my portfolio
• KRI.TO - Khan Resources Inc. - 2% - CLOSE TO PRODUCTION - I have been watching this one for a long time; it got ahead of itself, but has now pulled back to reasonable levels and has started to rise; they are close to production, which fits in with my revised approach; I don’t yet own it, but plan to put in buy orders around the $4.30 level.
• LAM.TO - Laramide Resources - 2%- ADVANCED EXPLORATION (which is why it’s in the portfolio), but it has been beaten down recently, so I have reduced it’s weighting; I will increase in the future once it’s clear that a bottom has been reached.
• MGA.TO - Mega Uranium Ltd. -2% - ADVANCED EXPLORATION (which is why it’s in the portfolio), but it has been beaten down recently, so I have reduced it’s weighting; I will increase in the future once it’s clear that a bottom has been reached (kind of sounds like my LAM.TO - Laramide Resources comments, doesn’t it)?
• PAA.TO - Pan American Silver Corp. - 8% - Bottom reached, silver stocks should move up from here, it’s a solid blue chip stock, so I’m holding
• PDN.TO - Paladin Resources Limited - 6% - PRODUCER (at its recently commissioned Langer Heinrich mine in the southern African state of Namibia) - production is not meeting expectations (see Forbes article); the $7.50 level is probably a bottom, so I’m keeping it in my portfolio, and I am only weighting it as high as I am due to it’s producer status.
• PNP.TO - Pinetree Capital Corp. - 4% - Chart looks terrible, although it’s possible that $10 could be a bottom; I have downgraded it to 4% of the portfolio, and will increase it’s allocation in my portfolio if circumstances warrant (ie. it starts to go up).
• PWE.V - Powertech Uranium Corp. - 4% - ADVANCED EXPLORATION Bottom reached around $2.50, so I have started accumulating. Due to it’s advanced exploration status, I will be buying until I get to around 4% of my portfolio (currently only 1%).
• PXP.V - Pitchstone Exploration Ltd. - 1.5% - Junior explorer, I’m holding; an entry point is probably around the $3 level.
• SMD.V - Strategic Metals Ltd. - 3% - This is one of my non-uranium holdings, but since it has broken downwards through support at 80 cents, I am reducing it’s weighting in my portfolio.
• SLW.TO - Silver Wheaton Corp. - 1.5% (but not yet) - Silver stock, obviously, with good financials; however, the stock is very volatile, so I plan to put in a buy order at $12; if it gets filled, great, if not, I wait
• SSO.TO - Silver Standard Resources, Inc. - 7% - Solid silver stock, long-term holding, has been beaten down but a bottom appears to have been reached, so I’m holding.
• SXR.TO - SXR Uranium One, Inc. - 4% - PRODUCER - They are a producer, but the stock has been declining, so I am under-weighting it until the situation resolves
• TVC.V - Tournigan Gold Corp. - 4% - ADVANCED EXPLORATION - This is a uranium stock, not a gold stock, and the chart looks good, so I’m beginning to accumulate
• UEX.TO - UEX Corp. - 4% - ADVANCED EXPLORATION - Chart looks good, and I want to own companies that are close to production.
• URZ - Uranerz Energy Corp. 2% - CLOSE TO PRODUCTION - Good looking chart, a virtual blue chip company, so I will start accumulating.

For those of you who like stats:

67.5% of the portfolio is in uranium, 22.5% is in gold and silver, and 3% is in base metals, and 5.5% is in cash.

Of the uranium portion, 13% is in producers, 12% are close to production, 32.8% are at the advanced exploration stage, and 9.7% are junior producers (so these numbers total 67.5%).

For those who are keeping score, 66.5% of the portfolio are in stocks that are recommended by Mr. Dines, and The Dines Letter, although some of them were being discussed here before they went on his recommended lists.

Does this allocation make sense?

Time will tell; I’m sure you will all give me your thoughts by posting a comment below, or on the Buy High Sell Higher Forum.

Thanks to all for reading and contributing, and have a profitable week.

My detailed comments are listed below. As a new feature this week, I have added a suggested portfolio (see table below), with my suggested weightings. My thought process is as follows (feel free to post a comment below if you agree or disagree).

First, the Big Three, Fronteer, Mega, and Pinetree comprise 36% of the portfolio (12% each, indicated in bold in the table below). Next, I have a gold and silver component equal to 26.5% (indicated in gold font in the table below). The balance of the portfolio is in junior uranium shares, based on the assumption that as the price of uranium continues to increase, institutional investors will gravitate towards the junior plays, which have the most potential upside. If you would like to see the table in Excel format, you can get it here: Suggested Portfolio Spreadsheet.

Suggested Portfolio

Note that the chart adds to 98.5%, on the assumption that the portfolio is 1.5% in cash.

Here is the detailed commentary on the individual stocks (all figures in Canadian dollars).

Stocks

• ABX.TO - Barrick Gold Corp Wait to buy - major downtrend since May 11, minor uptrend since June 13, wait until it decides if it’s going up or down before buying; aggressive investors could start accumulating (I’m not; I think there are better golds to buy)
• AQI.TO - Aquiline Resources, Inc. Hold - Big increase in November, now in a consolidation phase.
• ASX.V - Alberta Star Development Corp. Hold - 1.5% - Trading range since May; wait until break out to buy more.
• AXU.TO - Aurora Energy Resources, Inc. Buy - 1.5% - has corrected from $14.90 down to around $13 in December so far; probably a good buy point; it’s back down to it’s long term uptrend line
• BAY.V - Bayswater Uranium Corp. Sold High of $1.69 on September 6; corrected down to $0.82 on October 19; closed at $1.32; not a particularly compelling chart, but probably no point in selling now either. However, we can’t own every stock in the world, so to free up cash Bayswater gets cut; will monitor for possible repurchase later.
• BTT.V - Bitterroot Resources Ltd. Buy - 1.5% - HighHigh of $0.89 on April 19; subsequently corrected to $0.32 on September 15; got back up to $0.78 on November 27, and has since corrected to $0.62; it would appear that this one is a buy, but only for a small portion of your portfolio.
• CCO.TO - Cameco Corp. Wait - High of $49.95 on May 11; downtrend line appears to have ended around December 6; however, I would wait for a positive upside break-out, preferably over $50 Canadian, before getting back into this one, particularly with the uncertainty surrounding the Cigar Lake mine.
• CHX.V - Cash Minerals Ltd. Wait - Trending downward since peak of $2.24 on September 6; minor top of $1.98 on November 30; appears to have solid support at $1.20, so I would continue to hold if I owned it, which I don’t. Unfortunately the portfolio is full, so since I can’t own every stock that exists, this one gets cut. If it breaks into new ground, I will consider purchasing it again.
• CVV.V - CanAlaska Ventures Ltd. Wait - Similar chart to many other uraniums; I see no compelling reason to buy at this time.
• CXX.V - Crosshair Exploration & Mining Corp. Buy - 5% - I sold my shares at $4.00 on December 11; it closed at $3.54 on Friday, so it’s probably time to get back in; (this is a play on the Dines Letter recommending this one at some point in the future, which should cause a nice pop, probably well over $4.
• DML.TO - Denison Mines Corp. Buy - 6% - Denison merged with IUC.TO - International Uranium Corp. in early December; it’s now had a pullback, so it looks like a buy to me. Denison was criticized in the past for not acquiring any companies; now that it has, and since presumably further acquisitions are likely, it’s time to get back into Denison.
• FRG.TO - Fronteer Development Group Inc. Buy - 20% - Peaked at $11.24 on November 24, and dropped to close on Friday at $9.38. This looks like a normal consolidation to me, and it’s probably a good buy point. This is a solid “near blue chip”, and forms a nice chunk of my portfolio.
• IUC.TO - International Uranium Corp. It’s gone - Merged with Denison; read the commentary for more details.
• JNN.V - JNR Resources Inc. Buy - 5% - As with many uraniums it peaked early in the month, and has pulled back since; probably a good buy point around the close on Friday of $1.97
• LAM.TO - Laramide Resources Hold - 5% - In a trading range between $7 and $8 since the beginning of November; hold until it decides which way it wants to go.
• MAW.V - Mawson Resources Ltd. Buy - 1.5% - Mawson spiked up to $2.10 on April 11 before falling to 82 cents on June 30. It has since recovered to close on Friday at $1.58. Mawson was mentioned in the Dines Letter on December 5 as a Stock Dines has owned for some time, but has not yet recommended, presumably because he’s waiting for a pullback. Recent stregth indicates it’s probably time to take a small position now, in advance of a future recommendation by him.
• MGA.TO - Mega Uranium Ltd. Hold - 20% - Chart appears to be breaking down; I sold a few shares at $4.95 on Friday; Mega closed Friday at $4.86; Support appears to be around $4.50, so it’s a reduce down to that point, and then buying will probably resume around that level. Since I can’t pick a short term bottom that closely, it’s a hold for now.
• PAA.TO - Pan American Silver Corp. Buy - 10% - Solid uptrend since a low of $19.70 on October 4, 2006; closed on Friday at $28.80; high for the year was $32.13 on March 30, so we are closing in on a new high; I would continue to accumulate in anticipation of further streghth, particularly since the first quarter of the year is usually a strong time of year for gold and silver stocks.
• PDL.TO - North American Palladium Ltd. Nope - Nothing compelling here; unless you like buying stocks in downtrends, I see no reason to own this one.
• PDN.TO - Paladin Resources Limited Buy - 10% - Absolutely gorgeous chart; Paladin remains a strong buy.
• PNP.TO - Pinetree Capital Corp. Hold - 20% - Very interesting movement on Pinetree; read my detailed commentary for more details.
• PXP.V - Pitchstone Exploration Ltd. Buy - 1.5% - Although we have had a pullback over the last two weeks (like most of our other stocks) I still like Pitchstone.
• SAN.V - Santoy Resources Ltd. Buy - 1.5% - High for the year was 90 cents on April 12; then fell to 29 cents on October 11, before going back up to a close of 70 cents on Friday. Santoy was mentioned in the Dines Letter on December 5 as a Stock Dines has owned for some time, but has not yet recommended, presumably because he’s waiting for a pullback. Recent stregth indicates it’s probably time to take a small position now, in advance of a future buy recommendation by Dines.
• SGC.V - Sunridge Gold Corp. Buy - 5% - Still a buy, chart still looks good despite recent consolidation.
• SSO.TO - Silver Standard Resources, Inc. Strong Buy - 6% - Significant resistance around the $36.29 level, but at $34.27 where Silver Standard closed on Friday, it’s still a strong buy.
• SSR.TO - Southern Star Resources Inc. Buy - 4% - New high of $7.66 made on Thursday, before a pullback on Friday, still a buy. One of the best performing gold stocks at the moment.
• SXR.TO - SXR Uranium One, Inc. Hold - 1.5% - In a trading range between $13 and $15, but I see no reason to sell.
• TVC.V - Tournigan Gold Corp. Buy - 1.5% - Support around $3, still a buy.
• U.TO - Uranium Participation Corp. Nope - Congestion between $12 and $13; not in my portfolio, so no further comments.
• URE.TO - Ur-Energy, Inc. Buy - 1.5% - Consolidation since mid November; still a buy.
• UUU.V - Urasia Energy Ltd. Strong Buy - 8% - Big uptick on Friday, close to a new high, still a strong buy
• TUE.V - Titan Uranium Inc. Hold - 1.5% - In a congestion area at the moment; we will wait until it resolves

Check out the Top Picks page for current recommendations, and feel free to leave a comment by clicking on the comment button below (you have to register to leave a comment, but feel free to use whatever name you want).

Recommendation: Too late to buy this one.

Obviously $4.50 at the start of November was the perfect time to buy, for an almost double in a month, which is always nice. I wasn’t watching, so I didn’t buy.

The MACD is at a high level, and the chart looks over-extended, so I would postpone buying until it pulls back a bit.