Thursday, August 9, 2007

Hammered again, buying opportunity!

No, not hammered as in (hic), THAT kind of hammered...

Stocks are pounded down due to the BNP Paribas news and flight from the euro into the dollar. Even gold is getting hit as the dollar gains strength. I might look to perhaps get into a gold mining stock today.

A good looking one I've been watching is Bullion River Gold Corp (BLRV). They've been going into an old mine to the northwest of Redding, Ca. and opening things up again. Recent test samples are showing over 40 troy oz. per ton. This company has traded for over $1 per share in the past year, but is hovering around $.58 to $.60 per share lately.

For other sectors, I see Tenet Health Care (THC) is looking sort of bottomy (is that a word?). Last time the RSI was anywhere near as oversold as this, it had a nice bounce from $7.50 to $8.50 or so.

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