Mining Stock Screener Says Buy, I Reply... "Wait, I know those stocks."

Arafura Resources and Crosshair Exploration have taken on quite a bit of selling pressure since I liquidated my entire position in both companies.  I was a bit late on Arafura and realized modest ROI before moving on, but I was a front-runner on Crosshair and was able to take my original basis out quite early before realizing an absurd gain in under 6 months.  Above is the daily chart and below the weekly.

Arafura (XASX:ARU / US OTC: ARAFF) had a nice gap up today and while I do undoubtedly realize it has not broken out of a strong downtrend since April (and longer term since January of this year), I feel I may be able to jump in front of a rally by scaling into another long position.  I will be a part of this price action this week and maybe the next, this would be a relatively sound time (July-Aug) for base building period if not an sharp reversal starting today.

The Nolans Project open-pitable  europium, cerium, lanthanum, terbium, praseodymium, neodymium and dysprosium oxides are currently valued, on average, at $229.20/Kg

 (Bore drilling at the Nolans Project)

Crosshair Exploration (XASE:CXZ) is an expanding explorer I have tracked for two years now and when this stock gets volume inflows, this $0.64 floor and 0.69/share price will be a great basis.  For now I am a bit leery of the market ignoring the small resource stocks and most uranium plays.  Scaling into a new position here is more likely as the trading days pass. The 52 week range has swung from $0.45-2.81 and will be a more wild ride than Arafura, but I am starting to see good potential again at these levels.

(Jaclyn vein on the Golden Promise Property)