If you are looking for a potential rebound play this morning then keep your eyes on GBG which recently sank 45%. As the day progressed GBG seemed to establish a solid bottom which is just what our Roachy traders love. If the stock can maintain the .21 cent floor then look for this to be a potential quick to swing trade with resistance points of .30 to .40 to the upside.
As you can see on the chart below, the stock held the .21 and now has resistance at .25 .28 .29 ahead
Sure the stock just had a bad quarter on what they call “Due to technical and infrastructure issues at both principal projects, the Company’s mining operations underperformed in the second quarter.” but we all know these penny stocks are like bouncing balls, one minute they get dumped for a 50% scalping then the next minute they get pumped for a 70% gain.
GBG finished their earnings release by saying “The Company believes that the technical and infrastructure issues that lead to this quarter’s unexpectedly poor operating performance are substantially behind it, and forecast combined production for the remainder of 2012 to be in the range of 58,000 to 68,000 Au eqv oz”
I think this is a positive for GBG for the short term and scalp traders like us could see a perfect opportunity to strike on this falling knife.
So be quick, but be out when there is green in your account.
TGIF mi amors!
It’s your Senorita bringing you a pick that has a lot of traders starting to buzz. CGFIA ( Colorado Goldfields ) has been on many radars, as investors await CGFIA’s report on just how much gold they could be swimming in.
Hang on there roacheros, I know what you are thinking, “Aw Jeez, not one of these damn gold plays again.” Well, my darlings, despite their name this company is also focusing heavily on silver mining, which according to many anal-ysts is set to outperform gold in the coming months.
Support comes in at .0009, and the key resistance level is at .0013.
So load this potential bottom bouncing, “We haz gold and silver.” puppy onto your watchlists, and let’s see what she’s got.
Senorita “Looking for gold at the end of the rainbow” Roachita
I’ll make this quick my darlings.
SUGO just broke and held above it’s 50 DMA of .06 and the volume keeps pouring in.
Support comes in at .06 and resistance lies ahead at .09. The charts appear to be setting up nicely for what could be a big run. So keep an eye on this!
Disclosure: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock. We reserve the right to buy or sell SUGO at any time after this post.
Good morning all early birds, it's great to see you up so early and chomping at the bit!
TAON (Tao Minerals) is looking pretty tasty these days as investors have been awaiting TAON's promising NI 43-101 report rumored to be in the deciphering stages and should be released soon, along with their 10Q. If you are unfamiliar with TAON let me give you a quick company overview.
TAON is a Jr. Mining company with an estimated 900,000 ounces of pure, unadulterated, fresh out of the ground gold on their 700 acre property in the Northern Colombian mining district of El Colmillo. 900,000 ounces x the current gold price = over $1.2 BILLION dollars. That's a lot of gold my roaches, it makes me want to go to Colombia and chase rainbows. (Check out TAON's website by clicking here).
Colombia is a mineral rich country that has re-opened their doors to foreign mining and exploration companies fairly recently, we're talking less than a decade. Colombia has also historically been the largest gold producing nation in S. America, even back in the pre-Colombian days of the Atzecs, folks.
With gold skyrocketing in price, foreign miners such as TAON made an offer Colombia could not refuse. It's all about the Benjamins, everything has a price but I am sure you all know this.
So what do the technicals look like on this roachy little golddigger?
Can you say accumulation? Check out the chart for yourself!
TAON's Parabolic SAR is sitting at $.013 with a recent high of $.0164
Happy Monday bottom feeders!
Today your Senorita brings you DGRI ( Dutch Gold Resources ). The chart on this extremely hot little tamale looks like it could be primed to run.
DGRI has been featured before on our blog before and it brought us some MUCHO GAINS!
The rumors and speculation of just how much gold is in them thar mines is staggering, with some traders even throwing out 7 figures.
With the gold fever getting hotter than ever, Jr. mining companies such as DGRI seems to be in high demand.
Support comes in at .01 and resistance comes in at .022 and then who knows
So load this one onto your watchlists, and let’s see that gold at the finish line!
Before you leave the site be sure to sign up for our free penny stock newsletter which may just be featuing DGRI or a stock like this very soon!
Senorita “Eureka” Roachita
I’ll make this quick my roachitos. KATX looks like it’s heating up.
Support comes in at .09 and resistance lies ahead at .097. Can KATX make a run for it’s 200 SMA at .11 for a nice roachy snipe?
Senorita “I like money” Roachita
Disclosure: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock. We reserve the right to buy or sell KATX at any time after this post.
Good morning all you early birds!
I’m eyeing MDMN ( Medinah Minerals ) on this fine Monday morning. There’s been a lot of hype and buzz about this precious metal mining company as shareholders wait for news on a supposed joint venture.
If last week’s trading for this stock is any indication of the JVA being green-lighted, this POS could possibly break it’s resistance of .04 and head for a breakout.
Support comes in at .03 for this turd nugget that might have painted itself in Gold.
So load this one onto your watchlists and let’s start this week in the green! And PS don’t forget to sign up for our free newsletter right now. Our picks have been rolling along nicely as of late!
Disclosure: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock. We reserve the right to buy or sell MDMN at any time after this post.
I’m going to make this quick. PCFG ( Pacific Gold Corp ) caught my eye, I’ve been watching it trade all day and the stock is looking strong so far.
The RSI is in the magic zone, with a beautiful white candle forming on the daily and it appears that it might set a new 52 week high! http://stockcharts.com/h-sc/ui?s=pcfg
So load this piggy onto your watchlists and let’s see some GOLD! The current PPS is .033 and resistance lies ahead at .045.
Good morning my fellow rrrroooooaaaachitos.
Today your Senorita is drooling over CNEX ( Cannon Exploration inc. ).
This pile of roachy goodness brought us a beautiful gain of 137% the last time we took it for a ride.
I was also keeping an eye on this one yesterday and I must say that I was impressed with the BUYING volume on this beat to shit pink.
The chart tells the story right here my fellow bottom feeders.
It appears to be on an uptrend and yesterday’s volume of about 100,000,000 shares bought tells me that others are banking on this puppy netting them some nice gains.
Support comes in at .0003 and strong resistance lies ahead at .001.
Let’s see if this POS can net us a nothing to sneeze at gain of 75%.
Senorita “Show me the money” Roachita