Here you will find past OnlyDoubles trades that have been recently closed. This blog's purpose is to update the public on recently completed OnlyDoubles trades as a demonstration of the model and a teaser to get you to subscribe. If you would like to learn more or subscribe (for real time access to new OnlyDoubles trade ideas) please visit our Subscription page.
'Make hey when the sun is shining - boy'
Seems like an appropriate cliche for the current market. Currently the S&P TSX 60 and TSX Venture exchange are breaking to new intra-year highs and are pointing much higher. In these types of environments once can see little stocks double and more in very short periods of time. With this in mind, it should be of no surprise that we at OnlyDoubles have yet another little stock that has given us a double in the past few trading sessions and fully expect there to be a few more before this rally is done!
AndeanGold (AAU-V) is a typical little stock that in a 'hot' environment can move dramatically. The stock first came to CRI's attention because some of CRI's Venture Cap Investment Model's criteria were being met. Specifically, this stock was subject to a significant 'roll-back' or consolidation in its shares over the summer of 2010. Shortly after, the company granted options to directors and did a financing to raise some working capital. Being in the precious metals industry and working on their property has put a bid in the stock to say the least...
The stock has doubled and CRI has sold half the position. Because there are so few shares outstanding, the share price is still a fraction of its previous highs, and the company is still trading at a huge discount to its book value, I'm more than happy to sit on my remaining position with the goal of selling half of that at yet another double. With this in mind, I have open orders working to sell at or near $.65.
...speaking of trades....do you know which market CRI's OnlyDoubles is trying to take a position in right now? Seems to me it's worth $100/year subscription to find out....
That's all for this issue of CRI's OnlyDoubles,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
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