Pallian Creative

About a month ago, in THIS blog post, I proudly announced that I was going to start trading. After all, it only made sense - I read and moderate all of Tim’s blog posts and alerts, and I should by now have a good understanding on how the market works and when to buy and sell. Or at least that is what I thought.

About a week ago, I bought a certain Uranium stock called URRE. I bought it because 1) there was talk of a takeover by a bigger firm, 2) the stock was still reasonably priced for a company that had over $7 billion worth of the radioactive mineral and 3) I wanted to gamble. Now if you ever read any of TIM’s blogs - the first thing he mentions is to ignore all 3 of the above points. He focuses on charts - and not the company. He doesn’t care if there’s going to be a takeover or if the company is legit or shady - if he sees a chart pattern that is sure to be a winner, he trades or shorts.

Unfortunately for me, I decided not to look at the chart and decided to go with my instincts - here was a NASDAQ listed Uranium company that was cheaply priced and had some good chance of going back to it’s glory days of $12/share. Well, I was wrong. Today, after holding this stock for a week, I finally sold. Took a loss of approx. $500 as well. Here is what you can do to not lose money like this: Read & Discuss

I’m going to be flying for the next little while, so blog posts may be sporadic, but it should be interesting nevertheless. I’m off to NYC, Chicago and Tampa for the next few weeks meeting with clients and securing sponsorship deals for the TIM network. We’re also launching the new set of sites next weekend, so look out for those as well.

For this edition of the weekender linkfest, I’m going to do something a little different and link to some of the projects we’ve worked on this past year. Check out:

Opulence Bath and Beauty - A little boutique bath shop based in Vancouver, BC.

Open Sundaes - Another little boutique bath shop based in Vancouver. It’s funny how when you design one site, a competition comes to you and asks to design another one with polar opposite colors.

The Network Newsletter - Blogging micro-site for Gryphon Financial.

Wolves of Wall Street (to launch this week) - Another micro-site for Gryphon Financial.

Gemini Explorations - A small cap OTCBB listed exploration company.

Tru OilTech - Another small cap OTCBB listed oil and gas exploration company.

EVCC - Many of you (investors) may remember this company from 2006 as a huge pump and dump. Those used to be the glory days :-) Surprisingly, it is still in business! Read & Discuss