November 29 Update – Mistake on Pitchstone?

by JDH on November 29, 2006

PDN.TO – Paladin Resources Limited – new high made today; upgraded from Buy to Strong Buy

PXP.TO – Pitchstone Exploration Limited – looks like I goofed on this one; as the chart indicates, we made a double top, so probably bought at the wrong time; if it opens down on Thursday, I’m bailing out.

One of the tricks in this game is to limit your loses; if I bought at the wrong time, let’s not compound the mistake by holding; it may be time to cut our losses and run.

pxpnov29.JPG

No other changes; see Top Picks on the right hand side of the page for full details.