Buy When There is Fear in the Streets
As I got up this morning, I figured I had better go check to see how the situation in Japan is turning out. As my trading platform and news feed got up and running around the same time, I saw the three picks in Junior Resource Rebound were cheaper than I thought they would be after Saturday's article. The unexpected turn in the partial meltdown of two reactors in the the Fukushima Daiiachi nuclear complex has provided a big discount in the price of most junior resource sector stocks (while others are rallying like IBC Advanced Alloys, otc: IAALF.) Strathmore, Denison and the three on watch for their near oversold levels have become obvious buys at an additional 25% discount today. Positions in the following companies have been added to, and a 100% share increase in PMNHF, MLLOF, and SSEBF.
STHJF
PMNHF
SSEBF
MLLOF
DNN
Our hearts go out to all those affected in the earthquake, tsunami and partial meltdown, it is, without doubt, a terrible human tragedy.
What do you think about MGA.TO?
ReplyDeleteI like MegaU, especially at these oversold levels.
ReplyDeleteI love your insight. Well thought out and written.
ReplyDeleteMany thanks anonymous poster.
ReplyDelete