Monday, March 29, 2010

Today's stock pick

Hello,

Today's stock pick will come from Canada.
In Venture Exchange there is a stock calles Trelawney mining and exploration Inc. (TRR).
Its price was literally killed yesterday. Its closing price was only $ 1,07 Canadian and declining despite the positive start of day as it was 1,27 at its highest. Yesterday's close was $ 1,24 Canadian so the decline was 13,71 % and I believe we hit the local bottom.
I believe, not long from now, we can easily see this stock traded at the 1,40-1,50 range.

I did not notice any news concerning on this stock so I assume that the traders were nervous and closed their positions at any cost in the desperate need of cash.

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