Tuesday, January 22, 2008

Two Speculative Metal Stocks

AQI.TO - Aquiline Resources

According to Jim Dines, Aquiline has, "One of the greatest silver deposits on the planet: 453 million-contained oz and 153 million contained oz inferred."

There are about 52MM shares outstanding, trading at $8.90/share. Silver is trading at $16.10/oz. Let's assume they are sitting on 500MM oz of silver. You do the math, I'm already in.

PNP.TO - Pinetree Capital

"Pinetree is a diversified investment, financial advisory and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Oil & Gas, Uranium, Precious Metals and Base Metals."

PNP is selling at about $3 a share, down from a 52 week high of $16.15. It is essentially a play on uranium, owning a collection of geographically diversified uranium companies and mines across the globe, i.e. Nuclear Power, but also has exposure to other metals and commodity interests and like Aquiline, is another favorite of Jim Dines.

As with Aquiline, I already own some Pinetree.

A

8 comments:

John said...

I believe Dines has gone from one of the best performing newsletters in 06 to one of the worst in 07.

Don't know what that means for these picks.

Allan said...

John - Dines has 5 portfolio categories with up to 10 stocks in each one, so he has up to 50 stocks he likes at a time. But where Dines shines is in generating ideas from which subscribers can pick and chose based on their own research and liking. These two are the ones that I like and bought. Click on their linked web sites and see if you think that they represent worthy speculation or not.

A

John said...

Sounds like you are still a fan of Dines through his bad year.

You might also consider caseyresearch.com as he has a lot more fundamental analysis than Dines in his International Speculator and Casey Energy Confidential. Though I haven't done much better on Casey's picks.

Anonymous said...

Ok, Allan. I just read chapter 2 of Confirmatory Analysis. Looked like some simple rules to trading you had. Was this method successful enough for you to consider it a "profitable" venture? Do you still play these 4rules in your daytrading today?

What happened to Richard and James, are they both full time traders now and do you still have contact with them?

It seems your simple rules came to you much like the insider buying thought driving across country, you simply recognized the common sense of it all and then traded it.

I am curious to know the results of the Gurus through 2007.

Dave

Allan said...

Dave,

The "Gurus" pretty much went their separate ways when one of our best and brightest died of colon cancer in his late thirties. It was never the same again. We do have a private forum where we conduct an annual portfolio contest and occasionally post. But for all intents and purposes, the group is no more.

As for my rules in chapter two, they work in any time frame but that description was based on daily, swing trading. My current system has nothing to do with chart patterns and is strictly a day-trade system that on occasion, not as a rule, turns into swing or buy & hold trades.

Both systems, as you so eloquently point out, are based on simple common sense.

A

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