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Avalon Ventures (AVL:TSE) hits 65% gains

Posted June 26, 2008

Our TFN Hot Stock Pick indium speculation Avalon Ventures (AVL:TSE) is up 65%!

Baltimore — (TFN):

On March 27, I posted my Hot Stock Pick of the Week, Indium IPO: Buy or pass on this rare-metal IPO.

My recommendation was Avalon Ventures, (AVL:TSE), which trades on the Toronto Stock Exchange: “Stock prices have seen better days, but for currently C$1.28 it seems like a worthwhile speculative position on the publication of the word “indium” through the Special Metals Group Indium IPO. Buy it between a dollar and a dollar thirty, and get ready to sell a few days after the IPO for potential gains of up to 50%.”

You were able to buy Avalon that day… and the next… at C$1.15… and watch it slip all the way down to 90 cents in the following weeks.

O ye of little faith!

Today, AVL hit C$1.90… a gain of 65% over our recorded entry price.

The gain has nothing to do with my original reasoning… counting on the silly IPO to push up indium-related prices. And we have surpassed my 50% expectation by quite a bit.

I’d be inclined to ride out the stock’s upsurge for a bit longer, but will put a mental stop loss alert somewhere between C$1.75 and C$1.80, which would lock in the originally forecast gain

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Posted by J. Christoph Amberger · Filed Under Gold and Resources 

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