binve (< 20)

binve's CAPS Blog

Hathor Exploration

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February 23, 2010 – Comments (3)

I am not being a tout here. This is not a "Buy NOW!" post. But I want to call your attention to Hathor Exploration (HAT.V / HTHXF). I did a write up on Hathor back in November: A Look at Two Junior Canadian Miners - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=294226 and http://marketthoughtsandanalysis.blogspot.com/2009/11/look-at-two-junior-canadian-miners.html.

I stated my fundamental case for being bullish, as well as the technical case. My technical observation was that the pattern was consolidating in a very large bullish continuation triangle. Since November, the last wave of the triangle has itself become a triangle. You think of triangles like a spring being compressed. It is a balanced fight between bulls and bears right to the apex.

And I believe the next move out of the triangle will be a thrust up.

This is NOT ADVICE!. Just letting you know in case you want to keep this on your radar.

Disclosure: I am long Hathor

ENLARGE

3 Comments – Post Your Own

#1) On February 23, 2010 at 11:05 PM, binve (< 20) wrote:

This post got all of 5 recs, so presumably nobody gives a sh** what I am saying about this. But in case anbody is following this post, we are getting our breakout

Addition 11:00 - I posted this earlier today because I saw that it was starting to break out. But then I forgot all about it in during the bearish excitement. As I was updating charts tonight, I find a very nice surprise on the Hathor chart :)

Looks like we are getting the breakout!