seems like canalaska is constantly doing private placements, diluting shares. i thought the whole purpose of signing with those big conglomerates is to have them pay for everything so its less dilution for shareholders. what do you make of it? do you think we get selling pressure from it?

I have written some custom software [11/15/2009 update, the software is now available] to help me with that task. The software finds news stories for me and then I can analyze them and record my observations in a database. It makes it easier for me to maintain quality due diligence on a large number of stocks. A friend and I are lamenting that we just missed VKNG, a stock we looked at on November 3rd (around .05 then, .35 right now). The trouble I have is trying to spread my time between trading, researching, and writing software to support those activities – I noted VKNG but never got back do it. But I do have a plan. I am hoping that by sharing my software, folks will contribute their research back to this site. Then the folks that use this site will benefit from watching a larger pool of higher quality stocks than they could ever hope to follow on their own. This will all become more apparent once I release the software (I will do some work on that today, I have to write legal disclaimers, test install programs, etc).

With a stock like CanAlaska, I try to remain patient. But there are circumstances where I simply switch modes and become a buyer. A good example from the past would have been Rentech (RTK). I enjoyed buying that on the dips and had a basis in the .4Xs. I understood the company, and I also understood that it had a trigger event . . . the fuel was approved for military use, were it to be approved for commercial flight the market impact would be huge, so that was the trigger I was waiting for. The news came after hours, a buddy let me know. I took out every share I could under .60, even though I had a nice position and that price was dramatically higher than my basis. For CanAlaska, news of a significant near-surface deposit might trigger me to become a more aggressive buyer.

i have been trying to add to my position in cvvuf. i bot at the current price and have bids below the current share price. what does one do when they are trying to build a position but the share price never really dips to your bids. i had alot of bids in before the company released news on there rare earth metal discovery that didn’t get filled, and then when the news hit i thought i missed out so i started buying in the low 2xs just to see it dip back to .16 is there a point when you say to yourself that you just have to own it at current levels not to miss the boat? or do i need more patience as an investor

thanks for your insight. i see we both own and trade alot of the same stocks. nnvc cvm and cvvuf. im also in cxm and bmod, both small or micro cap biotech stocks. any thoughts on them ?