Today’s action with both stocks was quite impressive. I have been patient with WTM.TO – West Timmins Mining and it is now starting to pay off. I do expect the stock to move higher now. AVL.TO – Avalon Rare Metals is about to develop into a monster stock in the Rare Earth Elements realm. You might have noticed in my annotations on my public list I once again said: ‘Hold on to your shares’. I made the same comment on VEN.TO – Ventana Gold. I don’t do this very often.
The writing is on the wall. AVL.TO offers outstanding potential. From a technical perspective odds tell me much higher prices are to come. James Dines has a huge following. You simply can’t overestimate the effect future comments will have on that stock. Make no mistake. Comment on the stock he will.
Chasing stocks is always risky. I would rather recommend looking for stocks with consolidation patterns and buying them near their respective break out points. AEN.TO – Antrim Energy looks like it has started to break out. I still view MRGE – Merge Healthcare as the one with the best setup if you are looking to start a new stock position.
Have a great evening!
Related posts:
- Avalon Rare Metals AVL-TO – Rare Earth Elements Leader
- Avalon Rare Metals AVL (TSX) – Announces Financing
- West Timmins Mining WTM (TSX) – Buying Pressure Is Building
- West Timmins Mining WTM (TSX) – Monster Drill Results
- West Timmins Mining WTM (TSX) – Gap Down Probably A ‘Hole In The Wall’
- Exotic Metals – Rare Earth Elements, Lithium, Tantalum And Niobium Heating Up
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