We are pressed for time today, so there will not be a detailed post. However, we have noticed that a Pink Sheets company call Gulf Ethanol (GFET.PK) has been doing a great deal of advertising regarding the stock of their company, which interests us. Is it a worthy company? Is this another pump and dump? We will be taking a look at this company, which now trades at $1.45, over the next few days...stay tuned.
On December 22, 20007, we posted a blog where we thought GoldSpring (GSPG) was worth a look, at the time the stock was trading at $0.013, it has since traded up to $0.015and as low as $0.010. We still feel the stock is worth looking at.
Here is some news from the company on Jan 3, 2008.
GoldSpring, Inc. (OTC Bulletin Board: GSPG) announced today that the second round of drilling will commence today. GoldSpring performed in-house atomic absorption assays of the first drill holes and they are encouraged by the results. The Company has sent the drill samples to American Assay, an accredited lab, for third party verification. The Company expects American Assay results before month end at which time GoldSpring intends to publish the results from phase 1 drilling.
Additionally, the stock continues to be the most traded stock on the OTCBB with 67 million shares trading hands. The next closest was AKNS at 22 million shares.
Also, YTD the DJ Gold Mining Index is up 8.47%, which is leader so far in this short year. It is followed by the Heavy Construction Index at 5.21%.
We hold no position in GSPG.
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If you have read any financial columns in the past month, it appears that everyone and their brother believes we are headed for a recession in 2008. The best that I can figure is that these "so-called" experts believe it will happen in the later half of 2008. The one sure fire way to recession proof your portfolio is get involved in gold. Here is a list of high flying gold penny stocks.
AMUG American Utd Gold Corp
DMDD Diamond Discoveries Intl
AMXG Ammex Gold Mining Corp
SLGR Stallion Group
HVGO Hanover Gold Inc
CUSIF Cusac Gold Mines Ltd
APLL Apolo Gold & Energy Inc
We do not hold positions in any of the above and encourage you to do your own due diligence.
>Start a FREE 14-day trial to the MicroCap Speculator today and turbo charge your trading in 2008.
Well, that time of year is upon us where everyone starts making resolutions to lose weight, get a better job, blah, blah...While there is nothing wrong with resolutions you are more apt to meet them if you lay out a specific goal and little steps to acheive that goal. So, what does this have to do with penny stocks or investing? I'm sure that many of you have a resolution/goal to become a better investor or trader in 2008, which is admirable. I would suggest getting a plan and figure out what you need to do to meet the goal. Some steps I would suggest are:
1) Look back at your trades in 2007 and see if there are any trends. Did you get out of trades too early? Did you add to losing positions? Were you stopped out on a regular basis? Once you determine this you can start formulating a plan
2) Create a trading plan. A great book for assisting with this task is Rules of the Trade.
3) Educate yourself on the type of trading you are doing. Buy some books and read them.
4) Subscribe to newsletters. However, don't follow the advice blindly. Take the recommendations and due you own due diligence to determine if the trade meets your risk parameters, etc.
Start a FREE 14-day trial to the MicroCap Speculator today and turbo charge your trading in 2008.
Think back over 2007 to all the big stories you read about in The Wall Street Journal, Investor's Daily or heard on CNBC. What comes to mind?
I'm sure the bursting real estate bubble and the subprime mess is on your list. I'm sure high gas prices is on the list, if not I'm sure you complained about them during 2007. How about Citibank taking a HUGE loss. Well, it comes as no surprise that the 10 worst performing industries in 2007 are all related to those stories.
Without further ado, here is the dubious list.
| 10 Worst Performing Industries in 2007 | |
| DJ | -56.31% |
| DJ | -52.36% |
| DJ | -45.28% |
| DJ | -37.16% |
| DJ | -31.30% |
| DJ | -30.81% |
| DJ | -29.02% |
| DJ | -27.73% |
| DJ | -26.70% |
| DJ | -26.67% |
| Average Return for 10 Worst Performing Industries | -36.33% |
