About the charts, I used the tools available at www.bigcharts.com and www.canada.bigcharts.com.
After watching TOM go up today without my having averaged down, I decided to pick up some extra SGC before I'm kicking myself over that one too.
I'm finding it hard to believe that SGC is only trading around 0.20, even considering the litigation risks. I would think that 0.35-0.55 is a more reasonable level. The company is mailing out their information circular around the end of May and the vote will be in June (these dates are from memory, but I believe they're right; check Sedar to make sure). The stock has probably drifted down because things have been quiet; however, I expect it to take I jump when shareholders start getting the circular in their mailboxes and start believing that this deal is for real.
As an aside, for another special situation, you might want to look at International Datacasting (IDA on Montreal). They finally seem to be getting their act together: they've landed a string of deals with some big names and have just posted a 0.01/sh profit for the last Q (a major improvement over past losses). They issued a news release today and the stock moved up over 10% on unusually heavy volume--all trades occurring during the last 45 min. of the day. I'm not really technically qualified to judge the true significance of the release, but it sounds impressive. Strangely, though, they seem to have issued the release through a narrower distribution channel than usual (nothing on Sedar, their web site, or Carlson), so I think the market is relatively unaware of the news. If I'm reading this correctly, stand back tomorrow. (Keep in mind, though, that this is a risky company and is not for everyone.)
Mike |
