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HarryCarysGhost (99.70)

An "investment" for TMFstockscam.

Recs

4

May 28, 2010 – Comments (5)

Just got this today, and it's at 1.50 but not ratable.

Source Gold: Early Profit-Run of 147%
26 May 2010; market open (The previous issue was broadcast on 5/18/10)
Precision Exploration-Stock Buying:
Source Gold Corp. (SRGL): $1.50 X $1.52

I announced a Strong-Buy signal on shares of Source Gold (SRGL) on 20 November 2009 at the $0.82 level. On 27 April 2010, the SRGL share-price posted an interim high of $2.03 – which is approximately 147% above our $0.82 per share entry price zone. Many of you no doubt took partial gains off the table during that early price-run.In recent trading, the SRGL share-price has pulled back to the current $1.50 range, which is still 83% above our average entry price. If you have not done so already, make sure that you protect partial gains at current price levels. We see the SRGL share-price moving substantially higher over the coming business quarters, yet in the current environment of elevated market volatility, it is prudent to take partial gains at regular intervals.Source Gold continues to make solid progress at its KRK West Gold Project, including:23 March 2010: Source Gold Begins 2010 Spring Gold and Copper Exploration Program5 May 2010: Source Gold Increases Property Holdings in Beardmore-Geraldton Area With 100% Ownership in New Claim GroupSource has now acquired a 100% ownership in a total of 21 mineral claims spanning approximately 12,440 acres. The company’s exploration campaign could begin heating up in the very near-term. SRGL has announced that it will commence an extensive exploration program within the coming weeks. Source also expects to enter into an operator’s agreement with a highly respected national firm with extensive knowledge in the region to facilitate the Spring and Summer exploration program.With initial profits protected, my recommendation is to maintain open SRGL positions for longer-term projected gains. There is no protective sell-stop in place on this trade

5 Comments – Post Your Own

#1) On May 28, 2010 at 8:09 PM, pinestholdings (< 20) wrote:

My cat's breath smells like cat food.

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#2) On May 29, 2010 at 9:18 AM, MostlyChina (31.52) wrote:

I hope it hits the $100 Million CAP so we can short it. Thanks for the info!

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#3) On May 29, 2010 at 10:39 PM, TMFJake (70.93) wrote:

Thanks!  I'll add it when the markets re-open on Tuesday.  Fool On and have a happy Memorial Day!

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#4) On June 01, 2010 at 1:29 PM, TMFJake (70.93) wrote:

Ha, in circling back to this, I realize that TMFStockSpam has already underperformed SRGL:  http://caps.fool.com/Ticker/SRGL.aspx

Iroinically, this position is our biggest loser.  We're down 70 points on this pick. SRGL is up nearly 70% since we underperformed it in December, and the S&P is down about 2% in the same time period.

We're not worried.  We short and hold these for the long term. ;)

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#5) On June 03, 2010 at 7:58 PM, HarryCarysGhost (99.70) wrote:

LOL!

Sorry about that Jake. I must have gotten the second wave of the pump, I'll cross reference more carefully next time I get one of these.

 

We're not worried.  We short and hold these for the long term. ;)

That is priceless :)

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