Wednesday, March 24, 2010
Quadra Mining (QUA:TO)
Quadra mining is looking very attractive in the 16.00-16.50 range. After the FNX mining takeover announcement, this company is even more attractive than ever. Based on the earnings released two weeks ago, this stock should be trading in the $25+ range. I really don't know what else to say other than buy QUA right here right now. Buy a 1/3 position right here, get another 1/3 if it goes into the 15.50 range, then another 1/3 if it drops to the 14.50 range (I doubt we get here but you should be prepared regardless, QUA is a very volatile stock).
Monday, March 1, 2010
Banker's Petroleum set to move higher (BNK:TO)
I had previously posted a 6 month chart of BNK showing where it bounced off the 100 day moving average. Take a look here for a second bounce off that yellow line. We didn't quite get as close as I had wanted. My buy order was at 5.66 and it never got it and it doesn't look like it ever will. This thing reversed strongly to the upside today and I believe it only goes higher from here. The price jumped above the 20 day moving average and will be closing in on the 50 day moving average soon. Look for this one to break above the 50 day moving average. If it does then I see this one easily breaking previous highs of 6.50-6.60 range. Get in on any pullback. Good luck to all!
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