It is always nice to start off on a good footing. I have only posted the results for one Pick from the “Bottom Feeders” stock scan. That was Chesswood Group (CHW). It started at $3.86 and a week later was up to $4.94. It looks to open today at $6.22. that is a 61% rise in about 10 days.
Today we will look at the results for April 22nd and 23rd Picks, and give out the Picks for today. First we will do the results.
Looks like I was pretty close on those. Enerflex did go up enough to be a real UP. Ensign Energy went up but not much, so FLAT I think fits. PHX Energy did go up a little bit, so I was a little wrong on that one. And Pan Orient did go down, but not that much. But if you had of invested in all of them, you would still be ahead $420.00. That is close to 7% increase in a week.
Our next pick was Invesque Inc. (Now it is the U series, not just the IVQ. The prices are different.) We were off on that one. It went up to $2.76 in a week and looks to open today at $2.80. That is a 26% increase.
Now for today’s Picks:
Giyani Metals Corp is a gold and Manganese global miner. I have given it an UP rating because yesterdays volume was over 4 times the average. Every indicator I use is in an up trend. Giyani trades on the Venture exchange, and is a lightly traded stock. So the UP might take more than a week. But that is Stock Trading. PHX Energy is a toss up between FLAT and UP. I picked FLAT to be on the safe side. They are in the drilling and equipment maintenance business. Not sure about the long term outlook on that industry. But the stock is just coming out of “Oversold” territory and most of the indicators are looking positive. It looks set to open at $0.90 which would be a heck of an up jump. But it is just the start of the day. Lets see what the week brings.
Total Energy is also in the Energy services industry. But they are traded on the TSX, and are also just coming out of “Oversold” territory. All the indicators on that one are pointing up as well. It took a deep dive from $5.00 to $6.00 price range before the crash. So there is lots of upside correction potential there.
That is it for today. REMEMBER THESE ARE IN NO WAY RECOMMENDATIONS FOR YOU TO BUY ANYTHING!! INVESTING INVOLVES RISK, LIKE LOOSING YOUR MONEY, AND THERE ARE NO GUARANTEES!!! Especially in this volatile environment. THIS IS JUST FOR POSTING FODDER.