The TSX jumped to its biggest gain since late August Wednesday, with oil and gold moonwalking to glory and a good manufacturing report helping out.
All told, the S&P/TSX index was up 301 points today, and 410 points over the last two days. Oils’s up to $47.15 a barrel with US inventories down.
In the US, attention was momentarily drawn to the story of an 11 year old boy named Ahmed, who brought a home-made electronic clock to school, which appeared, to people who watch too much Rocky and Bullwinkle, to be a bomb. Kid arrested for science project.
President Obama responded by tweeting to the kid that he should bring his ‘bomb’ to the White House, in what may have been the smoothest Presidential move since JFK told Marilyn, “Sure baby, there’s only you. Jackie means nothing to me.”
WHERE THE BUYING IS
Sintana Energy (
TSXV:SEI,
Forum) has been climbing faster and faster with every passing day, as it
completed its merger with Moebius Resources, formerly Zodiac Resources.
You may recall Zodiac as the can’t lose energy play from a few years back that had a stack of cash in the treasury and a California shale play that it was going to auction off for a stack more, and that everyone in the business jumped on because the market cap was $6m but the treasury was going to be $45m any day now, only for it to
sag and sag and sag until you couldn’t get out of the stock.
Then came a change of plans, to go get more oil property, and a rollback and, well, that’s five grand I’ll never see again.
Until this past week, as it’s run from $0.06 to $0.175 on big volume. Something is afoot. I’m a long time out of the thing but it might be time for another look.
Wednesday saw strong buying activity on the Venture Exchange at
BlueOcean NutraSciences (
TSXV:BOC,
Forum), as a 46.1% jump followed strong volume. The company released no news into the buying, but develops Omega3 oils from shrimp poop and was, until the buying surge, looking at a three month stock price low.
BlueOcean still has a double from here to get back to where it was in May, but a jump from $0.065 to $0.095 won’t have bagholders complaining.
Smart Luxury fashion aggregator
Mezzi (
TSXV:MZI,
Forum) has seen a drop off in stock price of late, and those paying attention may note some insider selling this week. That’s to be expected, however, as the company is doing a financing (presumably to explore an acquisition, according to the buzz on Howe St) and CEO Keir Reynolds owns enough shares to sink a small tugboat, so I expect some of that insider selling is going back into the raise.. Not great for daytraders, but good for news going forward.
Got my hands on one of the Mezzi mobile chargers that are going into their bags going forward. Not too foul.
dynaCERT (
TSXV:DYA,
Forum), which is a local Canadian carbon emission reduction tech company vying to get into
our CIX Public Top 20 later this year, saw a
big spike on news regarding their HydraGen unit.
The product is said to help deliver efficiencies in fuel economy, increase torque, and reduce emissions, and the news indicates the company is working through
third party validation of the effectiveness of the product to prove those claims out.
Stock jumped 21.4% from 7c to 8.5c, the first solid upward shift in some time, leaving dynaCERT threatening to start a run.
American Cumo (
TSXV:MLY,
Forum), which
I ran the rule over a month ago when it was 7c, saying it was primed for a run, hit 13c today before settling back to 11c. No news, but solid buying over the last two days has seen it ripping upwards.
Also on a tear,
Moseda Technologies (
TSXV:MSD,
Forum), which
I said was a deal at 11c and being quietly bought up by insiders, also a month ago. Today? Touched 30c for the first time before settling in at 29.5c
I’ve been buying the mobile tracking /security company on dips consistently through that month, and I’m not stopping just yet. Lots more room to grow, and a lot of people starting to take notice.
DOWN, BOY
Dajin Resources (
TSXV:DJI,
Forum) took a hit today, down 17.2% as Pure Energy announced they’d
done a 5-year below-market price supply deal with Tesla for lithium hydroxide, leaving V.DJI on the outside looking in.
The word was out on the
Pure Energy’s (
TSXV:PE,
Forum) deal among market players long ago, if their chart over the last month is anything to go by. Big uptick in volume over that time, stock tripled in a month, and yet the announcement today barely moved the needle with 4.4m shares traded.
More of the same from the junior space.. if you’re not in on the deal, you’re the mark.
MOST READ BULLBOARDS:
1.
Equitas Resources (
TSXV:EQT,
Forum): The rapid rise is starting to slow.. or is it?
2.
Fission Energy Corp (
TSXV:FCU,
Forum): Always rowdy, still arguing about DML ‘stealing’ the asset
3.
Intertainment Media (
TSXV:INT,
Forum): Have sold off Ortsbo, leaving a shell with debts
--Chris Parry
https://www.twitter.com/chrisparry
FULL DISCLOSURE: Mezzi and Moseda Technologies are Stockhouse Publishing marketing clients, and I've just heard Sintana is starting a program today.