TD Waterhouse Technical Event® Alerts at Close of
Business March 26, 2010
Crew Gold Corp, Cru:TSX - Head and Shoulders Bottom - $.44 - Long Term Bullish Target Price $1.20
1.35
>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>
I am a large shareholder of Crew. I have been watching this forum and others with little comment.
First and foremost its obvious that Cru share price is on a steady path upward. One has to realize that there will be pullbacks and new support levels to be found before the next upturn. After all, if all stocks went straight up everyone would be in the stock market and we'd all be millionaires.
This is a company that has undergone many changes. All positive relative to the old Cru. That in itself adds value to the company. Most importantly, they have full control of a prolific mineral field that is producing as we speak. Most of it is untouched. That means better production numbers, and exciting news lies ahead.
Finances are in order, and Endeavour is the company to help with that. That is what they do.
So upside is far more significant than down. When you have companies buying large shares at any price that should be a signal. When you see that a penny stock possesses the single day records this and last year for volume traded that is a signal.
Amazingly Crew Gold has a book value of 1.78 yet can be bought for 1/4 of that price.
It is producing gold as we speak, and will be producing consistently over 250,000 ounces annually starting this year.
Compare Crew Gold to other established gold companies with similar production. B2Gold for instance currently trades close to 1.50.
Galway Resources, a junior gold exploration company trading on the speculative Venture Exchange, has traded for a high over 1.80 and still remains in the 1.20 range.
There are many more examples that point to the undervalue of Cru, despite having 2 billion shares.
Take a good look at Crew Gold and compare its figures, technicals and fundamentals with similar companies ... all of which are trading 3 to 30 times higher.
Compare it to a few that are trading 100 times higher! Many believe could be Crew Gold 2.00 by year end.
In my opinion, no matter how you invest in Crew Gold you can't lose.
Thats how I felt with my initial large purchase at 11 cents and thats how I feel about a recent large purchase at 46 cents.
Many others far more talented in stock investing feel the same.
If its good enough for Endeavour at 49 cents its good enough for me for less.
If you want to make money in the stock market you'd be wise to watch what the big players are doing.
With all the hype, the interest from huge investors, gold prices high enough for great profits and expected to go higher, gold in the ground, management restructuring, and a financial house that is finally in order, Crew Gold has to be the best deal out there in gold mining companies.
I see this stock as having the greatest potential for profit of any gold stock in the market. Millionaires will be made.
For the faint of heart, buy Crew and do something else for 3 months. Watching the hills and valleys every hour of every trading day tempts selling, and puts you out of the game.
Anyone who panicks and sells will be hard pressed to buy back for less .. its not worth it anyways.
Anyone who is successful in the stock market will tell you to buy when everyone is selling .. so when you see selling BUY!
Patience is for the experienced and successful, bailing is for the inexperienced and those who will later say i wished i had kept Crew.
Crew will be far above todays price at some point in the very near future ... maybe at the end of the day monday or tuesday, or 2 weeks from now ... thats a moot point ... it doesn't matter.
Look at the trend in the past month and you'll see the history. We're going in the right direction. History will repeat itself with this one.
Keep your finger off the trigger. Hold and show some faith in a company that is extremely undervalued by everyones standards.
Buy Crew Gold NOW, not later ... be a patient investor, sit back and reap the rewards.
