Monday, December 21, 2009

Trading Post (solstice edition)


Pediment Gold (PEZ.to) up 9.6% at $1.48 on good volumes. The triple-play news last Friday (including after the bell action) has popped the stock.

Animas Resources (ANI.v) down 14.3% at $0.60. Welcome to the world of stupid, where a single miss drilling cluster from an true exploration play miner gets investors reacting like the company is about to do an ATW Gold and going into headless chicken mode.

Colossus Minerals (CSI.to) down 6.7% at $5.44 and now there's a 10%+ gap between the PPS and the prices that CEO Ari sold his chunks for recently. There is a difference between an ANI and a CSI when drilling, y'know. The ANI's of this world are actually trying to discover something new whilst the CSI's just pretend they're discovering stuff. Reading a CSI news release is like listening to the sound of a fake orgasm and reading Nicholas CampbellSoup's views on the stock is like watching a porn flick...satisfying for others perhaps, but a pathetic substitute for the real thing. Back to ANI for a second and this morning's sell off smacks of a buying opportunity in Animas. It might be getting fed further by the tax loss selling this time of year.

ECU Silver (ECU.to) down a penny at 72c and just ten days to go before the massive half price GATA sale begins.

Fronteer Development (FRG) up 1.7% at U$3.66 and was up further at the open. FRG got hit for no apparent reason late Friday and looks cheap here. I own and I added a few traders this morning.