One of the bright spots on the CDNX at the moment is iSign Media Solutions (ISD, TSX-V) which we have been tracking closely over the last month or so from a technical standpoint.Ā This is an interesting company with significant revenue potential.Ā What has really intrigued us is the amazing chart construction with this play, and it tells us that ISD is likely going higher.Ā Perhaps much higher but that of course remains to be seen.Ā This is still a very speculative play and involves risk, but one can’t help but be impressed with the chart.Ā As of 9:25 am Pacific, ISD is up a penny at 62 cents on CDNX volume of 1.1 million shares.Ā John, who holds a position in ISD, updates the chart below.
ISD continues to buck the overall CDNX weakness.
Speaking of the CDNX, as we wrote this morning it appears the Index wants to test the May low of 1957.Ā We see two scenarios at the moment:Ā #1, the Index drops a little bit more to around 1950 and reverses; or (2) the Index tests the November low of 1900 which also happens to be in the vicinity of the rising 300-day SMA where the market bottomed out in early July of last year.Ā John’s chart below paints a clear picture.Ā As of 9:25 am Pacific, the CDNX is down 30 points at 1974.Ā This is no time to panic.Ā Investors just need to be patient and let this market do its thing.
.V now at about 1950…
I hope the first scenario is the one we see play out from here.
Comment by Kennedy — June 8, 2011 @ 10:43 am
I am happy for the folks at BMR that they are not stock brokers because if it was the case they would have been shot by there clients. Wake up … not looking good for a long time
Comment by Andre — June 8, 2011 @ 2:40 pm
Hello Theodore, why are you so “up” on SD and a news release. They’ve already proven they don’t have a resource and drilled the complete ridge wasting time and money. They offer no shareholder value and have a non existent IR – kind of reminds me of another VGN fiasco. However, if you have factual information to the contrary please share. Thanks š
Comment by Andrew — June 8, 2011 @ 3:12 pm
As Andre says we’ve seen this coming all year and its far from over. I think it was February that Andre first cautioned. All we need now is for N. Korea to act up! Twice it has been indicated that BMR would produce a list of stocks to buy at bargain prices but that hasn’t happened or I missed them? I know you mention specific stocks and how they’re up or down but it’s sporadic and that type of selection changes daily. If anyone is still holding and not gone to a cash position what stocks would you recommend to hold and to trade. ISD is a stock to trade not to hold, INT the same. VGD is now just about 50% below its introductory price from which it had 10 bagger potential. Now it needs to be a 20 bagger. Why introduce a stock that has such little liquidity, much like CQX for those holding they can’t get out unless they take a big loss. GCU is at 2.50 etc. etc. What stocks does BMR actually hold today from the portfolio – this would be useful information for BMR followers. I’m assuming that very few are held perhaps just GBB? Thanks š
Comment by Andrew — June 8, 2011 @ 3:25 pm
Current 3 stocks I’m holding are GBB, AAA and CUU. All worth taking a look and all have massive short term catalysts with Resource Estimates expected this month.
Comment by Taylor — June 8, 2011 @ 4:47 pm
Thanks for sharing, Taylor š
Comment by Andrew — June 8, 2011 @ 4:49 pm
Nice pics taylor.. i tend to agree
Comment by jeff — June 8, 2011 @ 5:02 pm
Andrew and Andre……with all due respect, I believe some of your comments are a little harsh and off the mark. Obviously our site must be of some value to both of you because you read it every day, which we’re grateful for, and you contribute to our comments section which we appreciate (whether you’re bashing us or praising us). We have thick skin and debate here is wide open. We can all learn from each other – that’s important. First of all, you need to understand that our perspective here is long-term. Our contention is that we are in a long-term commodities bull cycle and a long-term CDNX bull market. As far as the “model portfolio” is concerned, this is a model and that’s all it is, of companies that we believe will be successful over the duration of this long-term bull run. So let’s examine the facts. 25% of our picks in this “model portfolio” became 10-baggers – Gold Bullion, Seafield and Richfield. GBB is still up over 500%, SFF is still up 250%, while RVC just got taken out of course by NGD and last traded at $9.03, a gain of 652%. AGE is currently up 43%, CUI is currently unchanged (it did triple in value), VGN is currently up 24% (it tripled in value), GQC is currently unchanged (it more than doubled in value), SD is down 30% (it jumped five-fold), VGD is down 43%, ABI is down 43%, and CQX is down 48% (it more than doubled). So, let’s check the scoreboard: Gains of 652%, 500%, 250%, 43%, 24%, two unchanged, and losses of 48%, 43%, 43% and 30%. The average gain is 130%. That’s a pretty good batting average for a simple holding strategy from the time we first introduced each of those plays to today’s closing prices. Keep in mind many of these plays were at times considerably higher (there were just a few plays we eliminated from the model portfolio (NAR, KEX, EGM) that were down minimally for a very negligible overall effect).
Now, regarding some other matters. We have made great calls on the market – July, 2010, we made a fabulous call when many were bearish and we helped a lot of people make a lot of money. We’ve made other very accurate calls on the CDNX as well as Gold – in January, John called for a June high in Gold of $1,650 when many people were talking about Gold collapsing. We have been more cautious since March. And we’ve been wrong on a few calls, but that’s the market. The CDNX has been hard to figure out at times since March but we’re convinced now is the time to be bullish, not bearish, and I guess we’ll be proven right or wrong on that over the coming weeks and months.
I’ll close with a great quote from Frank Holmes at the Resource Conference: āWealth is an attitude and itās ambilical cord is gratitudeā¦in that state of being thoughtful and thankful, youāll find opportunitiesā¦thatās the magicā.
Comment by Jon - BMR — June 8, 2011 @ 5:50 pm
Great post Jon. GBB is still up as you say and I am betting it will surpass it’s highs, maybe not right after the initial 43-101 but the deposit is still growing. Another stock I am following is PPI. 43-101 expected in about 6 to 8 weeks. Potash play in Arizona’s Hollbrook Basin. They have the land, the support of the state and municpal governments, the local people and politians. Potential 2.5 billion tons in the basin with almost 25% owned by PPI. Wondering if this one is on BMR’s radar?
Comment by Dan — June 8, 2011 @ 6:16 pm
Forecasting the economy gives astrology relevance. lol bnn guest quote today, so true.
Comment by jeff — June 8, 2011 @ 6:30 pm
ABI increasing the number of shares the directors can own is a positive in my view and here marks a good entry for the stock, it may go lower over the next few weeks as QE uncertainty continues but its is still cheap. Saying all that I am keeping powder dry for the possibilty of a crash in the overall markets in which case many of these juniors will be obliterated. The possibilty of a a collapse in the CDNX can not be ruled out IMHO as hot money runs for cover if the liquity heroin is withdrawn.
Comment by Hugh — June 9, 2011 @ 1:50 am
Thanks for your response, Jon. I think you missed the point of my post as it wasn’t addressed so, obviously I didn’t construct it very well. I know that the portfolio has done well in the past but that is not really relevant at present or to my question. Anyway, thank you for your time and BMR’s contributions for its readers. š
Comment by Andrew — June 9, 2011 @ 3:26 am