My new big pick is BGBR

Remember to keep BGBR on your watch list, as this could turn out to be a huge bounce play.

BGBR has proven itself as a high flyer, moving up 250% in the last month!! It has since come down hard and fast which presents a very rare opportunity for a hard bounce, sometimes called a dead cat bounce.

Chart: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bgbr&sid=0&o_symb=bgbr&freq=1&time=4

BGBR has made some major developments in recent weeks and I suggest you read through all their news here: http://finance.yahoo.com/q?s=BGBR.OB

BGBR (Big Bear Mining Corp.) is a US based exploration and development company, focusing on the acquisition and development of Gold and other precious commodity projects which demonstrate high probability for near term production.

In the past year Gold has rallied to unparalleled highs. An ounce of Gold now costs over $1130!

To put that in perspective...Just 9 years ago, the same ounce would cost just $273. This "Gold Craze" has been on CNBC, Fox Business, MSNBC almost everyday for the past 9 months.

Gold seemed like it was on a never ending bull run. And with Gold rocketing most Gold mining companies also doubled or tripled this past year.

You' see, if a Gold mining company can produce an ounce of Gold at a cost of $400/ounce. With Gold at $500/ounce profits are fair. No one's getting rich, but things are good.

When Gold rises to $1100/ounce. The cost of mining for that Gold stays the same. In fact pretty much all costs stay the same.

The difference between the $400 cost and $1100 spot price becomes all gravy.

BGBR's announcement involving Rubicon Minerals, an AMEX company was probably the catalysts that sent this company soaring. Those on the side lines have probably been waiting for a dip like this.

My best guess is that if BGBR is to test highs of $1.75 it made not too long ago it may break it!! The hard dip seen last week probably shook out all the weak hands.


StockSource.us
ABOUT US:

Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.

We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.