Wednesday, September 19, 2012

Stocks in the news

Not really stocks in the news. I'm just gloating like fuck.

#1 - MCP broke its SMA(50), is now over $14. I have to admit I added double at $13.70 or so, then saw my position dwindle to break-even - but now I'm happy. Nobody picked it, I did.

#2 - BTO buys out CGA, shares tank. Gloating cos I happened to not own any this morning when the news came out. I'd sold for smokes money, and thought I was an idiot for doing so. Props to IKN for calling it overvalued, but I never got that email.

#3 - Pilot Gold shoots 100m of 5g/t in a real panty-dropper of a drill release. Own $10K worth right now (well... $15K on the news), despite Jojo saying he didn't see an immediate catalyst for a price rise. And of course it would have been stupid to buy hoping for a glory hole like this. I guess that increased volume I saw in the chart was one of those "buy on the leak" things that people say never happens in the junior market.

#4 - NCU up to $3.40, again advancing for no reason other than its own brilliance. Again, I own it, you probably don't, neener neener, where you gonna get cho' beta from boy?

Of course, I do also have other stocks up mightily which were reccies from the newsletters I follow.

And other stocks which were reccies and took off mightily, I don't own and haven't cos they took off too fast.

So perhaps the real message is, everything's going up and it's not luck or skill so much as it is the truism that stocks correlate 80% with their index.

Still, nice day to be me.
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7 comments:

  1. Replies

    1. Cigarettes.

      Crappy Canadian ones cos it's hard to get classy foreign smokes, especially in my city where even the "Winstons" and "Camels" are cheap Canadian-tobacco imitations of the real thing.

      Delete

  2. So which newsletters do you read?

    Otto, Gary and Jojo? Is Jojo any good? Gary and Otto are good. I like good.

    ReplyDelete
    Replies

    1. Those 3, plus Bespoke Investment Group which I'd say is the best one of all.

      Jojo's good, he's beaten the GDX. Smart kid. In his case he actually waits until a good time to get into a stock, instead of just saying "oh it's worth X" and holding it as it goes down. I have issues with his fundie analysis, but still, the chart is the chart.

      And I'm "subscribed" to Mickey Fulp, but it's free. Mostly, I just like reading his writeups on arcane subjects like strontium or guano.

      Delete

  3. Or magnesium, wasn't that his latest contribution? I don't like magnesium. I want sexy investment vehicles. I mean, who cares about magnesium? Or that graphite shite?

    ReplyDelete
    Replies

    1. I don't buy any of his reccies, but I like learning about mining and minerals.

      Certainly though graphite is NOT turning out to be "the next rare earths".

      Delete

  4. Most of Fulp's juniors are really tiny caps, I prefer Cook since he operates at the other end of the exploreco market, mostly. On the other hand, his letter ain't exactly for free.

    ReplyDelete

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