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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Keith J who wrote (83110)4/16/2007 2:38:14 PM
From: Umunhum  Read Replies (3) of 206325
 
I have sold out of most of my trading positions. I have slowly sold off most of my VLO and used the money to buy more COSWF.

My account is about 96% Canadian Oil Sands Stocks.

COSWF, SU, CNQ, ECA, NXY. I recently picked up 20,000 shares of PWE. It looks like it put in a triple bottom and the chart looks like a descending triangle - a bullish formation that I've made money on in the past. I think it will go to $35 - $37 by September, plus I get paid a 1% monthly dividend while I wait.

If anybody is interested in PWE:

pennwest.com

I don't know whether we will see a shoulder season sell off. These charts should trump the shoulder season:

futuresource.com

seekingalpha.com

I still believe things are going to get interesting this Summer. And if there is no Saudi supply response I will go heavily into SU, ECA, and CNQ January 2010 leaps.

That's my plan and I'm sticking to it.
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