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Originally Posted by waddy41
awesome post sub....what's your take now on ROZ? still bullish for the long-term?
Can someone walk me through what steps they would go through to do DD on a junior miner?
What are your thoughts on MER? Does it have potential or is it a good day trader?
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What most of these juniors need is a good following by stock writers.
Mer-v - Looks like good results, but they have over 2 million in warrants at 10 cents to exercise before Jan/11 expiration. So, that alone will put some selling pressure on the stock, combined with retail investors bandwagoning & no mainstream writers following the stock.
Overall, with tax-loss season, I don't think this will turn around anytime soon.
Roz-v - I think I had mentioned before, I sold all my warrants.
This company has a good insider holding, combined with 10 fold the prospects Tag oil had.
Only problem? Tag Oil had consistent mentions by Canaccords Pescod. And other names.
I would not be afraid to enter into a small position here, but I'm waiting a bit longer to see if the warrants lighten up. Because Macquarie did put a 5 dollar target on the stock. And they will be drilling in early 2011.
[On a side note: Glanced at the last 15 minutes of trading for Roz, looks like Macquarie was on buy, in good amounts. Possible higher share price in the upcoming days?
15:53:06 V 1.70 0.08 8,700 11 MacQuarie 33 Canaccord K
15:53:06 V 1.70 0.08 100 11 MacQuarie 2 RBC KW
15:53:06 V 1.70 0.08 4,700 11 MacQuarie 33 Canaccord KW
15:52:13 V 1.70 0.08 156,500 11 MacQuarie 11 MacQuarie