Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Wednesday, October 10, 2007

Charts for Red-Hot Global Small Caps

A funny (not ha-ha) thing happened this morning. I fired off a Red-Hot Global Small Caps issue and ran out the door to a meeting. The issue then went through our Weiss production process. And the freaking "upgrade" they've done to the system kept eating the charts.

Our production supervisor wisely decided to send the issue out, sans charts. Here, in all their glory, are the charts that would have looked SO much better in the issue.

Many uranium stocks are rising off their lows, so it’s no big surprise that Paladin may be joining the party. The only news is that Paladin may be one of the potential buyers of Rio Tinto Group's Kintyre uranium deposit in Western Australia – a deposit that potentially contains 79,366,414 pounds of uranium.

Looking at the chart, you can see that Paladin is making higher lows and highs. It is now finding support from its 50-day moving average, and its gap higher today has formed an “abandoned baby” -- a gap followed by a Doji, followed by another gap in the opposite direction. This is a bullish reversal pattern, and should be good news for your position.

Syngenta was upgraded by Morgan Stanley yesterday – better late than never, I guess. The good news is the higher price target from the big broker was rocket fuel for Syngenta’s share price.
Check out my new gold and energy blog at