Will Terra Nostra Resources (TNRO) break their all-time high?
ALERT DETAILS:
ALERT DATE & PRICE: FEB. 19, 2007 / $2.10 ALERT EMAIL:CLICK HERE CURRENT PRICE: $4.95 CURRENT % ROI: +135%
COMPANY CONTACT INFO:
TERRA NOSTRA RESOURCES CORP. 790 East Colorado Blvd., 9th Floor
Pasadena, CA 91101
Phone: (626) 796-0088
Fax: (626) 796-5999
Web: http://www.tnr-corp.com
INVESTOR RELATIONS INFO:
Mercantile Ascendency Tom Collins (214) 559 9885
Back on February 19th of this year, we published a 24 page report called 'Stockwire's Ultimate Asian Nine.'
In the report, we spotlighted 9 investment picks from all of Asia that we felt were worthy of our members attention.
One of the stocks in the report was Terra Nostra Resources Corp. (TNRO), which at the time of the release was trading around $2.10 a share.
Here we are 10 months later and the stock is at $4.95 a share, up 135% since our alert price.
Since February of this year, the company has come out with some very impressive news. Here are just a few of the headlines:
Terra Nostra Completes Private Placement
Terra Nostra Seeks Listing on American Stock Exchange (Amex)
Terra Nostra Completes Balance of Institutional Financing
Terra Nostra Reports Record Results: Quarterly Revenues of $172.7 Million and Operating Profits of $13.3 Million
Terra Nostra Progresses in Increasing Ownership of Copper and Stainless Steel Joint Ventures in China to 90%
Terra Nostra Announces Year End Results: Record Revenue of $284.8 Million
Research Coverage Initiated on Terra Nostra Resources With $6.42 Target
I currently have someone that has been out in China this past week speaking with the company to get a close look at the operations and to find out how things are going.
The report that I received back was extremely positive - way better than I could have imagined. The growth is real and doesn't seem to be stopping any time in the near future.
If you have been watching the stock recently, you know that the price has been staying between $4.50 and $5.50 a share for the past month.
During this time, the chart has created an interesting chart pattern. When you look at the chart, you will see an ascending triangle, which is generally considered bullish and are most reliable when found in an uptrend, just like the current TNRO uptrend. Prices eventually break through the old highs and are propelled even higher as new buying comes in.
If the stock does indeed break and close above the $5.20 level and we also have confirmation in volume, we could see the stock easily break past the previous all-time high of $5.90.
If this does happen and the previous all-time high is taken out, the stock could run really hard to the upside. If there is a short position in the stock, we could see a very quick short squeeze and away we go.
TNRO has preformed very well for our members who took advantage of it and it doesn't seem like it will be disappointing anyone in the near future.
ALFONSE
StockwireAdmin
During this time, the chart has created an interesting chart pattern. When you look at the chart, you will see an ascending triangle, which is generally considered bullish and are most reliable when found in an uptrend, just like the current TNRO uptrend. Prices eventually break through the old highs and are propelled even higher as new buying comes in.