Pinetree – Still a Buy

by JDH on November 25, 2006

Recommendation: Buy

I like this chart; it looks a lot like the Paladin (PDN) chart. The multiple highs at around $10 in April, May and October have been exceeded, so this was a strong buy at the end of October.

The uptrend lines are holding, volume is moderate, but the MACD is in high territory (although not as high as two weeks ago).

Pinetree Capital Corp has had a big run, and we took some profits off the table earlier this month, but I see no reason not to keep buying, since this is the only true “mutual fund” type stock in the uranium field, since they own a basket of juniors.


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