Silver Quest Update

Well,

This stock has been nothing but exciting, and not for the faint of heart.  Here's an updated chart.

This stock has some interesting technical aspects if you look closer. So, we have the decscending wedge, and a breakout on massive volume in late February.  It makes a great run for 4 or 5 days and becomes terribly overbougt.  Now, as with most stock that pop out of a formation, they pull back to the breakout offering another opportunity to get in.  That's exactly what this stock did in the middle of March.  It collapsed back into the triangle, and proceeded to launch out again, but without the massive volume.  We are now approaching another overbought point and should expect a pull back.  A good entry point would be between 55 and 57 cents.  If it does pullback to this point it would be a buying opportunity in my mind.  Another reason I think it's about to pull back is that it has been advancing on declining volume as noted by the decsending white line in the volume section.

They have had some recent news lately which includes aquiring more property and signing a joint venture project for one of their properties.  Link to is here:

http://www.silverquest.ca/s/NewsReleases.asp?DateRange=2011/01/01...2011/12/31

The other think I do suggest before investing in a stock is doing some research yourself.  You never want to buy a cow sight unseen.  I have never bought a cow personally, but it does seem like good advice.

One of my favorite things to look at in order to get a good understanding of the company is their most current corporate presentation.  I have provided that as well:

http://www.silverquest.ca/s/Presentations.asp

If after you read this, it looks like a solid company and a good opportuntiy, either take a stake in the company, or dig deeper into the news items, financial statements, etc...  You can even call the company and talk to someone in investor relations.  Ask a few more questions.  If it's not confidential information, they'll probably answer it.

FD:  I own this company.  I have not been paid to write anything regarding this company. 

Until the next time...

Fiat Doubter