Good Morning,

I haven't done a short term pick in a while, So I figured I'd come in with one that I have been watching closely for a little bit now, Research In Motion (TSE: RIM). This pick is based solely on technical analysis so please take it as it is, my interpretation of the charts. First off, I want to say that this is a potential upcoming turnaround, I haven't seen any indications that the turnaround has happened yet, but I am expecting to see one in the near future (within the next two weeks).

What on Earth happened to oil prices?!? Over Thursday and Friday of last week we witnessed crude oil prices jump over 13%. Prices were up over 8% on Friday alone, making that day one of the largest one day gains in the history of crude oil futures. I don’t know about you, but this is really starting to feel like a bubble that’s about to burst to me.

Watching POT over the day I was going to establish a new (and profitable) stop at 180 (originally short over 200) Well, I believe a better stop is 185, effective immediately. If it shakes you out, (i.e. in 5 days you say "man I wish I held on") there will be other opportunities...

Recommendation: New Stop-loss at 185.

Full Disclosure: I have not been actively trading POT today.

So, I hope everyone who actually listened averaged-down on Potash (NYSE: POT) a few days ago, but more on that in another article in Risk Management.

I think right now is a good time to buy Castillian Resources Corp. (CVE:CT) for a short term trade.

I was not able to get a chart saved before the market opened, but I will add one tonight once the markets close. I picked up some shares of this stock this morning at $0.46 / share. unfortunately I was in a rush to get out the door to go to work, So I was not able to write this at that time.

Both the Slow Stochastic and the MACD indicators look very promising having had a crossover on each and both with an upward trend. Lets look for some more movement on this stock in the next couple of trading days. I will post again when I feel it is time to sell, but please note that it could come faster then I am able to post, so keep your eyes on it and sell when you feel it is time.

Recommendation: Speculative short-term BUY

Discloser: I currently own shares in CVE:CT

Well, I believe it is time to sell Mosquito Consolidated Gold Mines Ltd. (CVE:MSQ) because I think its run has finished off. We did better on this trade then the others, not enough to make up the loss from them, But it is in the black. There is a chance this stock might be going up more, but I'm happy with what we've got so far so I am going to jump out of it to reduce the risk of any loss.

At the time of this writing the current price is $1.80 and we bought it for $1.71. So, this means that we had a total gain of 5.26%.

Recommendation: Time to Sell

Discloser: I do not currently own shares in CVE:MSQ

Well, we have hit the stop loss for Atna Resources Ltd. (TSE:ATN) as well, so it is time to sell. This was another unfortunate trade, I'm going to have to revisit my criteria before posting another short term pick, I think the fact that I'm posting my picks now, is throwing them off, I'll spend some time making sure I follow my normal system before I post another pick.

So, the price at the time of this post is $1.02, and we bought at $1.11 so that translates into a loss of 8.11%...

Recommendation: Time To Sell

Discloser: I do not currently own shares in TSE:ATN