Tuesday, May 13, 2008

MLY

Still bullish on commodities?

They scare the hell out of us - too late for the coal stocks - too late for the energy stocks

Gold is falling apart

We need more laggards - those things overlooked by crude bulls

We ran a price/volume filter and found a good looking chart

Take a look at TSX listed Sprott Molybdenum Participation Corporation (MLY)

We always get excited when we see an inverse Head & Shoulder reversal pattern

Caveat: Disclosure - the author is long the Sprott Molybdenum warrants.

Confession: This is a bad way to play the stock - I should have just bought the stock.

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