tradedragon only PENNY STOCK. Sarissa Resources. SRSR.pk

tradedragon hates penny stocks, however, there is one exception, and Sarissa Resources is the only exception.

tradedragon has meddled with many penny stocks before including SPNG, MGLG, EESO, and these stocks have met the PUMP and DUMP scenarios. If you do not know what is PUMP and DUMP, avoid this stock.

SRSR is a junior exploration company. It owns the world’s second largest Niobium mine now. Recently the company has mandated Dahlman Rose as its financial advisor. This is because, SRSR does not have enough funds to start mining its Niobium. It is only sitting on more than $50bln worth of Niobium, but the company does not have the tools to take them out.

What is noteworthy about SRSR is that the CEO is the son of the Founder of the largest Copper miner, Teck Resources Limited (NYSE: TCK). This connection boosts the credentials of this company.

SRSR is a very risky play. Any investment in this company should be treated as written off. Only invest what you want to put in the POT. It is gone unless SRSR can mine this NIOBIUM it is sitting on. Currently, the market Cap of SRSR is about $180mln. Using simple valuation, SRSR should be fairly valued at a billion.

Tradedragon is not recommending SRSR. Tradedragon already owns SRSR in his portfolio.

Invest at your on risk. Perform your own due dilligence on SRSR before making any investment. The valuation of the resources is only an unofficial estimate, it has not been approved by the NI41 compliance.

Bankrupt Companies are interesting to to trade. Let’s look at Washington Mutual $WAMUQ

OTC: WAMUQ

Washington Mutual is the holding company of the failed bank Washington Mutual.

Why is this stock so active?
- Investors are hoping that Washington Mutual would win the law suit against JPMorgan. They are expecting to receive close to $4bln.

The stock has been trading from 3cts to 40cts in the past year. This stock ran up to 40cts, and dropped to 10ct. Now it’s back at 40cts.

I DO NOT SUPPORT TRADING PENNY STOCK. THIS IS ONLY AN INTERESTING INFORMATION. TRADE THIS AT YOUR OWN DISCRETION. I DISCOURAGE IT.

Let’s take a look at WAMUQ WEEKLY chart. You will be tempted by GREED to research more about WAMUQ.

What would have been a solid trading plan.

MARCH 09, BUY at 3cts, Sell at 12cts. 4X
JUNE 09, BUY at 10cts, Sell at 30cts.  3X
December 09, BUY at 10cts, Sell at 35cts. 3X

Not too bad… 4 X 3 X 3 = 36 times.

$10k investment could have become $360k This is crazy right?

WAMUQ investors are praying that WAMUQ will jump to $5 !

That’s 16X. I don’t know what they are thinking. I will only stare at the stock chart if it ever goes to $5.

Just Don’t Trade This. Not a DRAGON STOCK.