Sunday, February 22, 2015

Sueños del Caribe Blog

I was engaged in one of my favorite pass times, trolling the internet, when I came across this blog written by one Ronald Hill.

It deals with the the Atlantic Coast of Nicaragua, an area which I visited a number of times, but not nearly enough, in my three years living in the country. Most social commentary in Nicaragua is poor, the product of a very small lens of perspective or heavily politically influenced. The potential for quality documentation and commentary on the plight of people in the small, but very diverse country, is huge, but few and far between are those who can offer insight which stems from both involved personal experience and wide perspective.

I recall my first visit to the Southern Atlantic coast nearly two and a half years ago and how captivated I was with the area. It was interesting to see how in such a relatively short distance just how much the country and its people could change. Poverty is abound in every corner of the country, some more than others, but the majority live day to day, consistently in a struggle against the few Cordobas they may carry in their pocket at any given time. In the little neighborhood where I lived, most were in an economic conundrum at any given time, money was a tangible representation of the constant struggle that is life and most, from what I saw, had a difficult time dealing with it.

This still applies to the Caribbean coast, once again some areas more than others, but there does seem to exist a paradigm missing from their pacific compatriots (or, the "Spanish" as they call them), one that allows them become relieved from the pressure of the situation, at least for a period of time. Basically, that laid back Caribbean attitude, where items of stress and hard ship can be dismissed by saying "alright", or one of the other words they seemed to use as a general response.

In point, both those from the Pacific and the Atlantic suffer the consequences of not always having what they need; stealing, violence, and further suffering are a direct result of these situations on both sides, but those on the Atlantic coast seemed to deal with it better.

Like I said, my time spent on the Atlantic coast is not enough, nor was not deep enough, to give any meaningful commentary on the matter, but this guy is, go read his blog if you are interested.

Saturday, February 21, 2015

Prometic Break Out

Anyone who stops by this blog every now and then will know that one of my more recent trade vehicles has been prometic life sciences (T.PLI).

Don't know a lot about the company to be honest, but its ups and downs were fairly predicable allowing for a number of nice trades, a handful of which I had outlined on here.

Well, it appears that on the back of two good news releases (here  and here ...assuming you consider a drug that is marketed to treat a disease which affects less than 200,000 people good news) to have broken out into new territory; I had expected there to be strong resistance at the 2.10 level, but it did away with that quickly. So, that leaves it at 2.36 and it will be interesting to see where the dust settles. As I look at the chart two possible outcomes come to mind, it either plays off the 2.10 or the 2.00 level, of course I wouldn't put any money (literally) on these predictions.

Monday, February 16, 2015

OceanaGold trade

I'm setting up to take a position in OceanGold in the next day or two. I believe it will swing up from its level of around 2.50 up too 2.80/2.85 in run which will see up and down movement in the 2.50-2.90 channel.

I've played this stock a few times and had it work out all times but last.

Anyone who follows me know I have a handfull I have been posting about in the last two or three months.

Another one I like to trade, PLI, took a good swing up today but I don't currently hold a position in it.

Heres the OGC chart for a better idea of what I'm talking about.

EDIT: looks like they had good financials and they are reporting that they will be paying a dividend of 4 cents/share.

Kind of odd these days to see a miner with a good balance sheet. Read here.