Market Scheming

Friday, July 22, 2011

Maple Leaf Foods (TSX: MFI), Essential Energy Services (TSX: ESN), High River Gold (TSX: HRG)


Maple Leaf Foods (TSX: MFI)


Maple leaf foods have been working through a 6 month triangle.  Today there was a break in the price down almost 4%.  However, monitor this stock as if this break turns out to be a fail move, the upside potential is quite large.  Therefore buying at 11.80-11.90 with a very tight stop could be a low risk high reward trade. 


Essential Energy Services (TSX: ESN)


Essential Energy Services on strong volume confirms the move yesterday.  It is at bollinger band limits but over the next 2-3 weeks I would expect continuing bullish action unless oil crashes dramatically.

High River Gold (TSX: HRG)


High River Gold - HRG - Has had a sharp pull back into strong support.  The 20, 200, 50 Moving averages will provide support, with rising gold prices seeing a price of  1.50 is within a few months is more likely than not.

Oslo, Norway Bombing | Deadly blast hits Norway's capital | Two dead as explosion rocks Norway; shots fired at youth camp

Deadly blast hits Norway's capital - Europe - Al Jazeera English
At least seven people have been killed in Norway in two separate attacks, the first a bomb blast that went off at a government building housing the prime minister's office and the second a shooting incident at an annual youth event.

Two dead as explosion rocks Norway; shots fired at youth camp
A man wearing a police uniform opened fire at youths during the annual gathering of the government’s Labour Party youth section at Utøya, an island outside Oslo, spokesman Per Gunnar Dahl said.

Live updates: Oslo bombing
  • A bomb has been detonated at government headquarters in Oslo
  • Norwegian police say seven people have been killed and two are badly wounded, Reuters reports
  • Oslo police are advising residents to stay at home
  • No-one has claimed responsibility for the attack
  • Unconfirmed reports say several people have been killed in a separate shooting at a Labour youth camp outside Oslo
  • Unconfirmed reports say Prime Minister Jens Stoltenberg had been due to attend the camp

Oslo bombing kills 2, man opens fire at youth camp
 Police in Oslo now say that seven people have been confirmed dead in Friday afternoon's explosions at its government headquarters.


RSS Feed of Oslo Bombing
The above link is to Google RSS Feeds under the topic of Oslo Bombing, copy URL and add to RSS subscription service of your choice (Google Reader is Recommended) to stay up to date with this event.

Last year there were early warnings of problems with in Norway.  There was a Bomb lab discovered and arrests made.

Norway "Bomb Plot" Underscores Al Qaeda Pitfalls - August 2010.

An Associated Press investigation shows that authorities learned early on about the alleged cell by intercepting e-mails from an al Qaeda operative in Pakistan and - thanks to those early warnings - were able to secretly replace a key bomb-making ingredient with a harmless liquid when one of the suspects ordered it at an Oslo pharmacy.

Monday, July 18, 2011

Platinum Group Metals (TSX: PTM) - Stock has not taken a hint from Platinum and Palladium rallies...

Interesting stock I follow in the metal space is called Platinum Group Metals (TSX: PTM).


This stock is set for take off, and similar to SBB post a couple of weeks back, this stock is approaching a breaking point.  When the trend line is broken, expect strong movement up.  What is a bit strange is the stock is extremely under priced if you consider the rally by Platinum and Palladium the past 30 days.