Friday, June 12, 2009

Canadian Stock Alerts - June 12, 2009

Canadian Stock Alerts Update:

ACERO-MARTIN EXPLORATION INC - ASD.V closed @ .065 on 4.3 mil traded

WESTSTAR RESOURCES CORP - WER.V closed @ .145 on 4.3 mil traded

STETSON OIL & GAS LTD - SSN.V closed @ .11 on 3.2 mil traded

All three had great volume yesterday. Both ASD & WER had good volume for at least two days and SSN had big volume starting yesterday.

I am watching for the psychological price point threshold in both ASD (.09) & WER (.19) if there is a run in place. Because this is only day two for SSN it may have greater legs or volitility today.

In any event, there is plenty of volume in all three. At 8:00am Level 2 looks like WER & SSN may open above yesterday's close.

So they meet the first rule of volume, now we want to see a spike in share price and then the pullback. At the very least they are on my 9:30am radar watch. And I will only take any action after a careful watch of what the market is saying in the first 20 or 30 minutes.

Canadian Stock Alerts are updated throughout market hours

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