Published:February 28th, 2011 11:00 EST by Bruce Calder
Western Potash (WPX) Getting Ready For $1.80?
Wish I had some cash...I feel uncomfortable without cash, but then again I feel uncomfortable when I have "too much" cash - perhaps I just always feel uncomfortable.
Investing is very stressful. Ohmmmmmm.
On the current 100,000+ share Insider Trading Report the #1 company is Arcan Resources (ARN) but it shouldn`t be there. There are insider buys reported at $1000 a share even though it`s actually going for about 5.00 a share. This gives my system the impression that a much greater value of stock was purchased than was actually, giving it way more points than it deserves. Same story with #2, Artek Exploration (RTK) which is #3 on the all volumes report. Please verify the insider trading activity yourself and of course do whatever investigation you feel is necessary before investing.
More insider buying recently for Western Potash (WPX) above $1.50 and looking at the chart (shown) it looks just like the textbook chart of a rising stock that`s just about to climb past $1.80.
If I manage to sell something soon I`ll probably be looking at Cream Minerals (CMA) which has recently been moving well and continues to be bought by insiders.