ST+Swing Stock Pick: Seabridge Gold Inc. (SA)

Well, as one might expect gold stocks are showing up on the short term chart and Seabridge Gold Inc. (Amex: SA) is the pick for tonight. You can expect this week to be highly volatile as the markets wait for any news of a possible plan passing to free up the credit markets. It was rather stunning to watch the markets sell off on lack of government action and oversight when the markets themselves normally loath such actions. Yet the freeze of the credit markets is already that bad. You can expect a number of companies both big and small that require short term credit to run their business to have a very tough time of it in the coming weeks. Payrolls are going to be missed, inventories are going to sit on the shipping platform as the buyers cannot fianice the purchase, and the longer this goes on more widespread the effects will be felt.



ST+Swing SA
Stock Rating: 0.25 (#45 or 2575)
Stock Slope: 0.01
Volatility: 57.04% (Max: 10.26, Min: -7.73)
Performance: 78.33%
Swing Time: 17.31% (5 Days into 29 Day Average)
Avg Trend Ends: 10/31/2008
Stop Loss: 16.00
Profit Limit: 28.00, or when ST Slope is Negative
Position: None, None Planned.

I cannot express enough that the risk of investing in these markets are just too large for the potential reward. Yes you could miss the 800 point up day that is coming when a plan is actually passed, but until the credit crunch is really and truly behind the market and the economy you will not be missing all that much in the grand scheme of things. The risk you are taking for that 800 point up day is another 20-30% or even more depending on just how bad things get.