Stock pick of today

Hello,

I need to comment on my yesterday's stock pick. It was a success since I sold all my postion at the highest of day for $ 1,23 Canadian/share.

Today I want to introduce for you a new stock that I have been able to grab to my portfolio.
This stock is traded at Toronto Stock Exchange. It is called First Metals Inc.

As the name suggest, we are talking now about a mining stock that is specialized in copper and zinc production. The company is expecting to become profitable as the metal prices goes up because of increasing demand especially from Asia.
Now the stock is trading at the range of 0,015-0,02. The stock seems to have a market maker that keeps it in this range.
However, as the announcement of business going well will come out, the stock will skyrocket. I am expecting it go to $ 1,80-2,00 Canadian/share. The move will be immediate and fast as it is usual for mining companies.
I am not advicing people to buy this stock with all their money but in case of explosion of stock price it is nice to have a nice stack of shares. For a relatively small amount of cash you are able to purchase a stack of shares that will buy you a real estate as the price explosion will occur.


Happy investing!