BullMarketRun.ca

Not a lot to report on the markets so far this morning, so we’ll take the opportunity to introduce a situation we’re quite bullish on – Westcore Energy (WTR, TSX-V)…we made some money on Westcore this past spring when it ran to as high as $1.23 in April on drill results from its Black Diamond coal property along the Saskatchewan/Manitoba border…WTR is tightly held and fairly thinly traded, but at 55 cents we believe it represents excellent value and low risk…investors should read WTR’s news release last Friday as it has formed a very interesting working partnership with Goldsource (GXS, TSX-V)…Westcore is currently drilling its Hudson Bay coal property, just north of Goldsource’s Border property…we expect it’ll be an active few months for both WTR and GXS…WTR is currently closing a flow-through financing at 60 cents to raise $1.2 million…technically, the stock has exceptionally strong support at 45 cents and a turnaround in its 20-day moving average appears imminent…an excellent entry point for Westcore, we believe, would be anywhere between 50 and 60 cents, and we see a high probability of a move to the 75-80 cent area by early January…as of 7 a.m. Pacific time, Westcore is bid at .52 and offered at .57…