Sutter Gold Mining and LiquidMetal Charts

Sutter Gold Mining (SGMNF.PK or SGM.V) is forming an ascending triangle, which shows upper resistance at around 41 cents.  I would love to see this patter play out to the upside and test the .50 level fairly soon.  Volume has been increasing over the past few days.
See SGM.V Chart

LiquidMetal (LQMT) is forming a similar pattern, with near term resistance at .37.  A breakout to the upside and could test the .60 level.
See LQMT Chart

Stay light and nimble in choppy or down-trending markets.
~JP

Sutter Gold Mining Inc Progress

Sutter Gold Mining (SGMNF.PK) released a status report today, indicating that progress is being made to get their mine online.  By all indications, the company is on schedule for gold production in the next 6-12 months....hopefully sooner.
That said, I continue to hold my small position from 0.22.

LiquidMetal (LQMT) saw no follow through today.  Because it established a higher low, at around .25, I will continue to hold as it appears an uptrend has formed.  My stop will be just below .25.

Again, these little stocks are very volatile. I rarely "invest" in these, but on occasion I find one or two that have stories or news that could create momentum. I wouldn't be surprised to gain 20-50% or loose 10-20%.  When risk increases to this degree, its important to maintain proper position size to match the risk.  In these cases, I take only a quarter of a full position.  A full position for me is one tenth of my total portfolio.

~JP

LiquidMetal Extends Agreement with Apple

LiquidMetal Technologies Inc (LQMT), which I wrote about in my last post, announced that it has extended its agreement with Apple Inc to license intellectual property through Feb 5th 2012.

See the Form 8-K Filing

I have a small position that I initiated a couple weeks back.  I'm buying into the story in the hopes that news like this can create some momentum for the stock.  The stock had a great day today, closing up 24% on good volume, near the highs of the day.  I'll sit back and see if there is follow through tomorrow.

Best of luck to everyone.
~JP

Its Been a While....

Its been a little over a month since my last post, mostly because the market was entering into a down trend.  When the market starts trending down like it did in early-mid May, I will become much more selective and conservative in my investing approach.  While there are opportunities, the risk/reward tends to be out of favor.  Don't chase breakouts, use tight stops, pick only the best setups.  I do my best to protect capital.

Some big stocks that are typically dormant have been moving well.  See Wal-Mart and AT&T's Charts.  I'm not sure what to make of this.  Is it a flight to safety? Dividends?

DNKN, which I sold for a small gain as it hit my 50 day ma stop price, ended up hitting my $35 target on Friday.

I'm still holding Sutter Gold Mining, inc (SGMNF) and took a new starter position in Liquidmetal Technologies (LQMT) @ 0.31.  These stocks are highly volatile and can move 10% in a day.  LQMT will be a longer term hold for me, with a target of around .60 or roughly 100% gain.  I like the story that I'm hearing through the press releases.  There was speculation of a deal with Apple, which the CEO confirmed in an investor video message. This seemed to setup an opportunity for them to offer shares to investors....which may impact the price short term. My stop price will be around the recent low and 200 day ma of .21. I'm giving up over 30% to gain a potential 100%....we'll see what happens.  Either way, I have a very small position.

The activity in Greece this weekend should have an impact on the markets next week.  I'll be keeping my eye on what happens there and in the US in the form of additional stimulus.

I continue to remain cautious for now.
Stay out of trouble and enjoy the summer.
~JP