Allana Potash

This is a Canadian penny stock we had followed a while back.  This is some new news that may cause the stock to move.  Interesting to watch the result.

Allana Potash Corp. (TSX: AAA) (OTCQX: ALLRF) ("Allana" or the "Company") is pleased to announce that it has intersected potash mineralization in Holes DK-11-24 ("Hole 24"), DK-11-25 ("Hole 25") and DK-11-26 "Hole 26"). All Holes intersected two zones of potash, Sylvinite and Kainitite, at shallow depths and are located in the southwestern portion of Allana's land position. Hole 24 yielded 35.12% KCl over 2.81 metres at a depth of 135.83 metres which corresponds with Sylvinite Zone, and 21.03% KCl over 6.30 metres from the Kainitite Zone. Hole 25 also intersected the Sylvinite Zone returning 29.33% KCl over 5.5 metres and the Kainitite Zone which returned 18.98% KCl over 5.89 metres. Hole 26 yielded 20.26% KCl over one metre of sylvinite at a depth of 105 metres and a robust Kainitite Zone which returned 18.54% KCl over 8.00 metres. The potash mineralization in Hole 25 was intersected at approximately 101 metres below surface and all holes are located in the southwestern portion of the property where holes 8, 11, 16, 17, and 19 also intersected shallow potash and management believes this area may be amenable to open pit mining.   (more of the news release here)

Reasons not to buy stocks

The Canadian penny stocks blog has posted an interesting article on reasons not to buy stocks.  It's a fun interesting read.  Check it out and leave a comment!

RIM in decline

Although not a penny stock it might be one day if it continues going the way it has been. Here are a few articles to look at on RIM of late.

RIM in decline: http://www.theglobeandmail.com/globe-investor/markets/markets-blog/rim-the-slump-that-wont-stop/article2067958/

Another telltale sign of decline at RIM:  Executive jumps ship for Samsung: http://www.theglobeandmail.com/news/technology/tech-news/rim-executive-jumps-ship-for-samsung/article2067987/

More Content Coming Soon.

In case you're wondering, the Canadian Penny Stocks blog has been a bit quiet lately mostly because of a lot of things going on in the outside world.  But that doesn't stop the world for turning and the markets fluctuating!  There will be more investing content coming to the blog soon so please stay tuned and keep an eye out for it.

In the mean time you might be interested in learning how to pick profitable penny stocks.  This training product might help and it's certainly a reasonable price for what you're getting.

More Information on Rare Earths

If you've been following the Canadian Penny Stocks blog then you'll likely have heard of rare earths, but rarely have we taken the opportunity about what they are and what they are used for.  That's all changed now and there's a post up talking about them.  Check out the post on rare earth elements now.

If You Follow Penny Stocks, take a look at this one

INT.V is a Canadian Penny Stock that has been on fire this year.  The release of Intel's strong beat yesterday will put tech stocks on high alert and INT.V might be able to continue it's strong trend upward.  

Do you need penny stock ideas?

There are no shortage of ideas at the blog I run.  Check out the entries tagged as Canadian penny stocks and see for yourself.

That's it for now.  Cheers!

Is now the right time for penny stocks?

At the Canadian Penny Stocks Blog it makes the pretty straight forward. See for yourself: http://canadianpennystocks.ca/

Do you know about picking profitable penny stocks?

I've launched a video based training course that you might be interested in.  It's called Picking Profitable Penny Stocks.

Check it out

Penny Stocks Watch

If you're looking for some ideas for stocks, the penny stocks watch blog is a perfect place to start generating some ideas.  Although it mostly focused on Canadian companies, you can pick up on larger trends from the ideas presented there as well.