Good Morning Members,
Today we are picking SouthRidge Enterprises (SRGE) as our StockGuru Spotlight for Monday, November 5, 2012.
Our Rationale:
To us, this is strictly a technical play. We are not picking it for the fundamentals this time.
Look at the chart. It is moving up regularly on increasing volume. Lot’s of people are playing this one on an daytrade / trade in and out basis. We have seen intense interest in SRGE, and have reported that as part of our coverage of the buzz on the boards. With this climbing chart and very liquid volume, it is reasonable to buy at current levels (closed at $.008 on Friday).
One should never put too much into such a stock, as it is subpenny. You never want your buy to be more than 10% of the daily dollar volume average in trading.
Take profits when they are strong.
Fundamentally, they put out a lot of releases. Anytime I see “stock buy-back,” “signs definitive agreement,” and “major multi-million dollar expansion” in the headlines, I know we are dealing with a promotionally oriented company that is writing press releases a bit too much. That does not mean they are not doing what they say. In MY opinion, it is consistant with a company puts out press releases designed to entice the investor rather than to just inform.
About SouthRidge Enterprises:
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders’ investments.
Do We Have a Conflict of Interest:
We hold no position.
About The StockGuru Spotlight:
The StockGuru Spotlight features stocks that we expect some action in. Generally speaking we expect a strong showing in the market based on the market, our knowledge of the stock and the buzz in the markets. Many times these will be stocks that have big news out recently, there is fresh interest in getting the word out on these stocks or we hear a buzz in our day to day contacts on these stocks. If we think it is going to move or see action, we put it in the StockGuru Spotlight. If we are compensated for a stock in the Spotlight, it will be clearly disclosed within this Spotlight Announcement. If you think a company should be featued in the StockGuru Spotlight, please let us know. If you are a key person for a publicly traded company, we can consider your company for either a StockGuru Spotlight or a StockGuru Profile. Please contact our Publisher John Pentony at the [email protected]. You may also telephone John Pentony at (469) 252-3031. Stockguru.com (“SG”) provides its members with the latest news, press releases, and research reports for all the companies highlighted on the site. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed onhttp://www.Stockguru.com or mentioned herein.