Broke through the block of shares sitting out there at .70 and close at .84 which was a new 52 week high.
Volume continues to be strong as well.
I continue to believe this has one of the best upsides of anything I am currently watching. It was gratifying to see the market agree with me today.
I continue to look for investments that benefit from a weak dollar environment. ATRM was my most recent example but in general canadian stocks not selling to the US as well as exporters who are not heavily dependent on raw material imports top my list.
Of course the stocks also have to be dirt cheap as well which narrows the field a bit.
Still contemplating KEQU and looking for a drop here so I can get a decent entry price.
Also considering BITS as a possible buy. I am not sure on this one yet but for the right price it might be a nice purchase and those have been hard to come by.
I am still sitting on alot of cash right now and I don't see any reason to rush out and buy something just because there is money in my pocket.
Tuesday, October 30, 2007
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