THE PIGS PICKS FOR TODAY:
MTX-V … METALEX VENTURES……….11.9 MILLION SHARES..UP .175…..on amidday announcement of massive sulphides on their James Bay Lowlands property.Not one to jump in to stocks I don’t fully chart, this might be a greatmomentum trader tomorrow (Friday) especially after the PR mentioned a “Noront “like geophysical anomaly. Might have some legs to grab onto. As always, watchentry and exit points carefully.
PCQ-V Petrolympic……….3.5 million shares DOWN .09 to $ .99………Still holding its own as we awaitseismic results. PP announcement today, solidifies funding for their recent acquisitionof squatex. Rumours all over the place that multiple news is coming ! Still agood buy, in our opinion, with some real upside potential and little downside. Oil and Gas assets add to the appeal.
The pigs trading tip of the day………………..
You cannot predict the future. Stop believing it and stop wasting yourtime trying to do it. No-one ever has nor ever will be able to"predict" what is going to happen in the future. Runaway markets tendto keep running away. Cheap stocks seem to get much cheaper and expensivestocks more often than not, get much more expensive. do not even bother tryingto justify a market simply let it do what it wants to. The big money is made from position sizing. You really must stop chasinga holy Grail and spend time on differentposition sizing rules. This is the one "secret" that separates aprofessional from the man in the street. Price is all that matters. Stocksdo not follow fundamentals. It's all about "perceptions." Why can twoidentical stocks have completely different fortunes in the market?
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