Former Picks Under Accumulation

Wednesday, August 22, 2012
	Refer a Friend  |  Visit Our Website  |  Unsubscribe   Advertisers
		Former Picks Under Accumulation   by Rob Goldman     I feel like I have given birth.  We launched Penny Stock Junction almost exactly 9 months ago. And much like the ups and downs and twists and turns of pregnancy, many of our stock profiles and recommendations have been all over the map. Thank goodness that by and large, when we have been right, we have been right in a big way. And when we have been wrong, the declines have been relatively modest.   I can live with that. What is hard to fathom, and what I believe most of us struggle with, is the length of time we should wait or have to wait until a real move occurs. Sometimes we are spoiled, as sharp spikes upward can happen in a matter of days or weeks.  In other cases, we are still waiting months after buying the stock for a "short term play."    I routinely monitor PSJ-highlighted stocks to see if they are still worth watching and/or buying at current levels.  Dryships (NASDAQ: DRYS - $2.41) was a stock we recommended buying six months ago and it promptly jumped 70% in a week or so on huge volume.  Since then, the stock - which has ties to Greek shipping and transportation - collapsed.  With the exception of one big spike, DRYS has been basing in the $2.10 - $2.30 range for months.    To read more click here >> or visit http://www.pennystockjunction.com     The Case for Gold   by Rob Goldman     I don't particularly care for commodities. It's not that I have an aversion to investing in them. It's just that for most of my investment career I have tended to follow everything but the mining space.    Maybe I'm a bit jaded because of the spectacular Bre-X Minerals fiasco. Some of you may remember it but I suspect that it may not resonate with everyone.  It was a cool story, because in hindsight, one would think that no one would be gullible enough to believe it.  I think someone made a small documentary about it, after the fact.   Bre-X was a Calgary-based stock that purportedly had 70M troy ounces of gold estimated to be in the ground on a property it owned in Borneo of all places.  The stock peaked at around $300 per share, which valued the company at over $4 billion. Less than a year later, Bre-X, which started out as a penny stock, became worthless when it was discovered to be a total fraud.   To read more click here >> or visit http://www.pennystockjunction.com

		Disclaimer & Important Information PennyStockJunction.com is owned and published by Champlain Media, LLC of Richmond, Vermont. Champlain Media is neither a registered investment adviser nor a broker/dealer. Readers are advised that this electronic publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. We encourage you to review our full Disclaimer and Disclosure policies. To view our Disclaimer Policy, please click here. To view our Disclosure Policy, please click here. You are subscribed with the following email address: ignoble.experiment@arconati.us To unsubscribe from this newsletter, please click here. Interested in advertising with us? CLICK HERE!   Copyright (c) 2012 Penny Stock Junction | Privacy Policy c/o Champlain Media 65 Railroad Street Richmond, VT 05477 PO Box 790