Orbite – Go Up or Blow up:

According to Orbite Aluminae Inc. (ORT) they are a Canadian company whose innovative and proprietary processes can produce alumina and other high-value by-products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, without generating any wastes, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud and fly ash.

According to Alice Tsang , Portfolio Manager, Marquest Asset Management and I quote ”Very exciting that they have commenced production. Watching the stock very closely but would want to see if they can have offtake contracts or some kind of marketing agreement put together. Stock has acted very well on the announcements. If it breaks out from these levels, it will probably be based on some very positive catalysts, and the stock will be a Buy.”

According to the technicals – investors have been fleeing the stock for over a year in spite of all the bullish press releases. On a daily chart the money flow numbers are plunging – so don’t even think of bottom fishing.