Guinness'  Instablog

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I consistently beat the markets for fun and profit.
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Riding The Gravy Train
  • Updates: OTS +30% And EIL +50%  0 comments
    Mar 19, 2014 9:55 AM | about stocks: CVE, BIG

    We first wrote about OTS (Canadian Oilfield Solutions Corp.) exactly a year ago.

    It's been an odd year for the company since then, which included the stock being halted for over 7 months as financials were being restated. This turned out well, as it was halted while the vast majority for stocks on the Venture Exchange collapsed, and since trading again in December is up materially and closing at multi-year highs. It's up 30% since our first mention.

    OTS continues to look extremely bullish, so we continue to hold our shares above the lower line of its trend channel, shown in the chart below.

    Technical resistance appears to be between $0.25 and $0.30:

    (click to enlarge)

    Six months ago we presented this chart of EIL (Empire Industries Ltd.), showing a 3-year trend line broken:

    (click to enlarge)

    It's up 50% since then. We still have our shares, and the chart is still very bullish:

    (click to enlarge)

    Both OTS and EIL trade in Canada on the Venture Exchange.

    Disclosure: I am long BIG.

    Stocks: CVE, BIG
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