Added to my Top Pick Holdings

I have acquired more units of Harvest and Crescent Point Energy Trust last week. I am hoping for a pull back so I can acquire more units.

I also picked up 40,000 shares of Plexmar just for the fun of it.

Plexmar Resources PLE-X

I was very disappointed in Plexmar's press release today. It seemed more like a puff piece. There was no mention of drilling schedules or any other advancement on the property.

I sold all my shares today. I may get back in later. We will see.

Disclaimer;

We are not investment professionals. We often post our own opinions and identify them as such, we reserve the right to change our opinions. The fact that we sometimes disclose when we establish or sell a position in a company is no warrantee that we will publish every trade. We do not warrant that any information that we post is true beyond the fact that it came from whatever source we acknowledge. We may at anytime have or not have an interest in a stock that we discuss. Finally we advise every investor to perform their own due diligence on both the investment products they purchase as well as the people whose opinions or decisions they accept about investing.

Plexmar Resources PLE-V

I am having a bad week. My junior mining stock Plexmar Resources took a dive due to delay in drilling.

I am still holding on and I am considering increasing my stake.

In the meantime click here to read a telephone interview with Plexmar's CEO.

Plexmar Resources PLE-X +12.3% Today

Boy this BLOG is pretty influential. Yesterday I talked about Plexmar Resources and today it closed at $0.64 up $0.07 (+12.3%).

It traded over 2.1 million shares.

I suspect the market is expecting them to announce their drilling program shortly.

Plexmar Resources PLE-X

As an income investor I must make a confession. I do own one junior resource stock. I own this stock as a lottery ticket.

The company is called Plexmar Resources. It trades under the symbol PLE-X. I presently own 70,000 shares. I bought it for all the following (wrong?) reasons:

1) Plexmar's property surrounds Aurelian's property in Peru. For those of you who are not familiar with Aurelian; They went from a penny stock to $30 in 2006. They were the biggest gainer on the TSX in 2006;

2) Plexmar's stock trades an average of 1 Million shares per day so its easy to get in and out of;

3) Precious metals are in a bull market.

4) The management has a reasonably good reputation.

The odds are that Plexmar will not be a home a run but I am a human being and I like to have at least one stock that I can dream about hitting a home run. If Plexmar does hit a home run,I will re-invest all the proceeds into income producing assets.

I do not recommend you invest in this stock unless its money you can afford to loose.

Once again, please perform your own due dilligence.