Sunday, January 25, 2009

Hard to Buy Stocks + Old Favorites = crowd pleasers !








FHC is a thin stock. Face it, most of these stocks qualify for the Motley Fooll Test, Ignored, Unknown, and undervalued [ paraphrase ]. THEORETICALLY it should go lower, but getting it lower is another thing altogether. IMO, $3.75 is nice for FHC
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MAG Silver [ MVG ] playing mouse hockey with Fresnillio's UNDERBID Offer of $4.54. IT feels as if Fresnillo has had a STUPID ATTACK, worsened with a case of arrogance. I guess the only antidote is a falling silver price, from Fresnillo's point of view, but that is not in the cards now, IMO. If I was buying more, I'd be happy in the $5.00 - $5.50 range. So far this is the only Listed Silver Stock with decent market action. The majors, range from the slightly winged to the walking wounded, to the totally crippled. I am happy with my MVG in the $5.00 - $5.50 range./>/> Onward
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GORO - well accolades all around to these guys. The only thing they could do better is get the stock listed. Here I am trying to buy the stock around $3.00.
Good Luck to ME !! LOL. OK for real, if your an optimist, you could place a LIMIT BUY order in around $3.25-$3.50, and you might get some.
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ROGERS SUGAR TSX -RSI/Un.to, on Stockcharts, RSI.un on the exchange. RSGUF in US
Pink Sheets. Totally tight, together and boring. Also thinly traded. Just keeps adding a few cents a day in basic trading. Boring dividend. Loonie keeps hoping all over, and makes it hard to buy. Bids for RSGUF now might work in the U$D area of $ 3.25-3.50. I'd hate to see how hard this is to buy at these levels if the Loonie starts moving up. As basic as a food stock can get, RSGUF is part AG, part Commodity Stock, part Food stock, and oh yes pays the US annual equivalent of 9.5%, paid monthly. Totally boring !
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DHT Marine. Double Hulled Tankers, owned in part by OSG, but operating not as a subsidiary. Double Hulled Tankers and SuezMax vessels, all leased to guess who?
Its div yield makes it hard to buy, 19 % at these levels. I'd be trying for $6.00 or
so, maybe $6.25. Lots of people want this stock, so its a boomerang, but strong.

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So the quandary we find ourselves in is this : Do we use Momentum Tactics to get aboard strong stocks, or do we bottom fish right at support ? Well, you decide.
Me, I set some limit orders a little ways off the bottom, because when they hit support, they arent usually there very long or for very much volume, in the case of a strongly trended stock, so only a couple of lots change hands there. IMO, its better to be a couple notches higher and get the stock if the trend is strong. If you think the trend is weakening, then you can go lower with your order with more confidence. The numbers I threw out there in this post, are a bit higher than rock bottom support, and the kind of bid I have used to capture strongly trended stocks such as those listed. Whatever you do, DYODD & DYOHW.

Good Luck,

DG

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