Here are twelve stocks to sell

Article Excerpt

Long-time readers know that we are constantly reevaluating our stock picks. Here are 12 stocks that have only limited growth prospects for the foreseeable future. We now see them all as sells. TETHYS PETROLEUM $1.42 (Toronto symbol TPL) produces and explores for oil and gas in Central Asia. Operating in that region adds significant political and legal risk to the company’s already uncertain prospects. Sell. PULSE SEISMIC $2.23 (Toronto symbol PSD) buys, sells and licenses seismic data to clients in western Canada. Pulse’s thin-trading shares have risen 50% on higher oil and gas drilling activity. Now would be good time to take profits. Sell. DIAMONDS NORTH RESOURCES $0.16 (Toronto symbol DDN) has failed to find diamonds at its properties, so it’s now looking for silver and nickel. Sell. MIRANDA GOLD $0.57 (Toronto symbol MAD) explores for gold in Nevada, Alaska and Colombia. Joint-venture partners fund much of its exploration, but none has found a significant deposit. Sell. STORNOWAY DIAMOND CORP…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.