Hello All, I have a new alert you will want to put on your watch list.
Today`s alert is PENGRAM Corp,
PNGM, and the stock closed Friday at 39.99 cents.
Please begin your research here www.PengramGold.com and here http://finance.yahoo.com/qs=
PNGM.OB
PNGM is an advanced gold exploration company searching the globe for outstanding gold properties.
The
PNGM strategy is to evaluate and acquire properties where previous work has been conducted and have yielded positive results for the presence of gold.
PNGM currently has a great portfolio of gold properties.
The Fish Project:
This
PNGM project is situated within the Walker Lane Mineral Belt, Lone Mountain District, Esmeralda County, Nevada about 12 miles west of the historic mining town of Tonopah, Nevada. The project consists of 58 unpatented lode mining claims or 1.9 square miles.
The Fish Project is a drill ready project with permitting for a Phase I drilling program well advanced with the Bureau of Land management.
The Golden Snow Project:
This property is located in Eureka County, Nevada and is situated near several existing gold mines.
Eight miles north of the
PNGM Golden Snow Project is the East Archimedes Gold Mine where Barrick Gold Corporation has mined 677,000 ounces to date and has 1.1 million ounces in potential reserves.
PNGM has begun permitting with the U.S. Bureau of Land Management for a Phase I drilling program.
The CPG Project:
The CPG Project is located in Eureka County, Nevada and is situated near several existing gold mines. Approximately 10 miles north of the CPG Project Kennecott produced 1.4 million ounces of gold and 10 million ounces of silver between 1990 and 2004.
The Clisbako Property:
The Clisbako property is located in the Interior Plateau Region of north central British Columbia. It is composed of ten contiguous mineral claims, situated within the Cariboo Mining Division.
The Texada Gold Property:
PNGM has also staked and acquired a 100% interest in a property called the "Texada Gold Property." The Texada Gold Property is comprised of five mineral claims and is located on Texada Island, British Columbia.
*** Friday
PNGM announced terms for another acquisition ***
Manado Gold Property:
The Manado Gold Property is located in Northern Sulawesi, Indonesia approximately 80 kilometers south of the city of Manado. The property covers four contiguous mining tenements covering an area of approximately 300 hectares or 741 acres. PT Newmont produced a total of 60 million grams or nearly 2 million Troy ounces mostly from this area.
As you can see
PNGM has a great start to its portfolio and looks like it is about to begin drilling soon.
Here is why I like the stock.
PNGM stock was very quiet until last week.
PNGM traded more last week than it has in its whole history as a public company. To me this means that investors are just now starting to find out about
PNGM.
I have heard other newsletters are going to be looking into
PNGM as well.
As with all penny stocks, the more exposure the better.
Because
PNGM is about to begin production on some of its properties this means that there could be many exciting press releases ahead.
I think as
PNGM comes out with more news and more investors hear about
PNGM this stock could be in a great position to break out from here.
Remember, one of the best ways to profit is to put in a limit sell order above your entry price so if/when the stock heads higher you will be taken out at that price. This makes trading much more mechanical and takes emotion out of it. More people lose money trying to pick the exact top in a stock.
By using a stop loss order at the same time you can "bracket" the stock so no matter which direction it goes you will be taken out with a small loss or a nice gain. If you trade this way you will not have to watch the stock every minute of the day because no matter which direction goes you are set.
As an example, if someone has an entry price of 40 cents they may want to put in a limit sell order in a 50 cents which would be a 25% gain. If the stock goes through 50 cents your order will go off and you will have booked a nice profit. On the downside I always like to put stop loss orders in right below the last days close which would be 39 cents. Maybe you give the trade a little wiggle room and put in your stop loss at 35 cents. In this example a trader will make 25% profit or lose 10%. Obviously each investor can decide what prices to use based on risk tolerance and objectives.
I get emails from new investors every week who use this method and they find it a great way to trade. Try it. You will see it will work for you too.
As always, do your own research, use limit orders to enter a position, always use stop loss orders to protect yourself, and always book profits when in a position to do so.
Good Investing, Mark If you do not trade with a broker that allows stops GET ONE.
ChoiceTrades does allow stops and they only charge $5 commissions on OTC stocks. Open an account by following this link.
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