The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Tuesday, November 15, 2005

US Global Investors Inc can help spurt your portfolios GROWth..

Hey folks,


US Global Investors Inc (GROW) is a hot stock that I have been keeping an eye on. I've been watching for a perfect opportunity to enter and I believe that the time has come! You want something thats perfect for a swing trade? Well GROW has got you covered. You want something for a longer term period (few weeks, months maybe even a year) well GROW has you covered in that as well! See GROW is all about a growth story. The stock has recently reported earnings on Monday (yesterday, November 14). How did it do? Well it posted a 400% increase over last year. Thats pretty darn good! So whats the problem? You may be asking, if earnings were so good, how come the stock is down. My belief is that the people who were in at $3 or below wanted to take some profits. Also others may have jumped in for a short term trade, hoping that earnings would propell the stock to $10. It doesn't always work that way. So the stock is down somewhat, back down to the $7 trading range. You gotta love how the stock has held onto its trend. If this stock were more risky, it could have easily taken a dive to $6 or maybe even lower. Instead if just retraced a little in order to consolidate and others took notice. There are more buyers now, gobbling up thousands of shares at this low to mid 7 dollar range than their are sellers. So this is good.

US Global Investors (GROW) 3 month chart

Nice chart! I have a feeling that GROW is one of "those" stocks again!
Keep an eye on this one, guys!











Gotta love the nice increase in volume!

1 Comments:

At 2:21 PM , Blogger Nick M. said...

12/15/06

LOLLLLLLLLLLLLLLL... I cant believe I recommended this one at 5-7 bucks!! It is currently at 66!!!

 

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