I will chart this stuff to the high heavens, but I do not want to be charting crap (and there is plenty of that going up nowadays too). I want to know I have a good shot at holding quality and that is what IKN's Otto gives me in our subscription trade off. Anyway, here was an NFTRH Update sent out on Otto's VEN.TO on Oct. 19th along with the chart below. The chart to the left is real time. Just another little parable that holds ya gotta be willing to step up to the plate when the herds are emotional. And if you can do it with trusted help, then so much the better.
Attached is another simple chart, this time of NFTRH holding VENGF (TSX-VEN), Ventana Gold.
If this is a stock you favor and have been looking for a buying opportunity in, then here it is. Downside could include a fill of the noted gap, but with the volume that created it, don't count on it filling. If I were buying (and I may yet, although I have a healthy chunk proportional to some core holdings) I would buy some now with the understanding that downside risk is the gap fill, which is just a half a buck away and the noted lower support line.
Alternatively, bargain hunters might wait for the lower support to see if they can get a gap fill and hold at that support. The bottom line is that these are the times to buy the precious metals sector, not during the momentum stupidity.
The only thing I know personally about Ventana is that the analyst (Mark @ IKN) I trust more than any other I know has it rated as a top pick [actually, a recommend -gt]. I personally have not bothered to look deeply into it, so that is the caveat along with the fact that I - the person highlighting this potential opportunity, am not a stock analyst.
Regards,
Gary
