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11/4/08

Chart of the day is............

.....Vena Resources 10 day price chart.

(Click to Enlarge)

I could have chosen the five day chart and we could have all gone "WOW, look at that for a win!" but to get a real idea of the stock we need to remember just how far it has fallen, so the 10 day variety is a more honest fit (pull up a 12 month chart and you'll see the almost constant selling and lower prices).

Yeah, it's one of my fave undervalued juniors. Yeah it's here again. Yeah I'm happy about the last few days' action because it has clearly broken a long-standing trend. Yeah I'm pleased that the stock seems to have reacted well to the interview with CEO Vegarra over the weekend (any other CEOs want to come and play?....free publicity, dudes and dudettes :-). And for sure you have your own fave smallcaps too, but hey.....this is my blog.

Final thought: I do like it when management puts their own personal money where its mouth is. Here's the latest insider trading report on Vena Resources:

Nov 03/08 Oct 31/08 Vegarra, Juan Direct Ownership Common Shares 11 - Acquisition carried out privately 360,000 $0.100 USD
Nov 03/08 Oct 30/08 Vegarra, Juan Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.135 USD
Oct 30/08 Oct 29/08 Vegarra, Juan Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.092 USD
Oct 30/08 Oct 29/08 Vegarra, Juan Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.100 USD
Oct 27/08 Oct 27/08 Ogilvie, Rodney Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.120