Tuesday, April 6, 2010

Trading Post (three strikes and you're out edition)


TheNewCrystallex (EC.v) down 3.8% at $0.375. What? Another delay to the sale of its asset to the company run by the EC.v ex-CEO? Whatever can it all mean? (cue giggling-in-background sound effects as market passes judgement on the saps still long).

Carpathian Gold (CPN.to) up 10.7% at $0.415 on strong volumes after a couple of weeks of nothingness. I'll never understand how this fashion mentality works.

Vena Resources (VEM.to) down a penny at $0.33 as the market tries to work out whether the share-backed credit line news out today is good news or not. Well yeah it is, actually. It means that VEM has no need to drop trousers and apply KY Jelly in Toronto or Vancouver. The re-structuring continues apace here. The other good thing to note is that last week's big volume surge wasn't just a single flash in the pan, with today's 400k+ shares traded pretty typical of recent action. This is good, as it lets weak hands depart without worrying the rest of us.

Antares Minerals (ANM.v) up 5.9% at $2.70 and that oh gosh feeling just gets stronger.

Pediment Gold (PEZ.to) down 3.2% at $1.51. Yesterday PEZ popped a great move on strong volumes and I'm sure it was because the stock was featured by Mickey Fulp in his latest Mercenary Musing. The report was available to his (free to join) subscribers all last weekend and now that I'm allowed to link it to others, here's a link to go get your own copy. It's a great report by the way, but find out why for yourself. This Fulp guy moves markets.