To OTC Journal Members: 
 

Want To Make A Little Money, Or A Lot of Money?

By reading the OTC Journal you can make a little money a lot of the time in the penny stock world. Many of the ideas I have delivered in 2011 have traded up very nicely at one time or another. Recent giant winner AAST (if you traded it right) gave you two weeks to accumulate as it moved up until it reversed course in a heart beat. You can make a little and lose a little depending on how cooperative the stock is, and how well you traded it.

If you want to make a lot of money, you need to take a different approach. Right now there are headwinds for stocks. The economy's in a soft patch- unemployment won't budge, QE2 is ending, and who knows what those crazy Greeks are going to do. Looking at the bigger picture, the market went pretty much straight up from September to May, so a little cooling off time is both normal and welcome as we await the commencement of the next leg up. Current commentary would suggest the economic world is coming to an end, but those are always the loudest voices when the market is weak.

So- do you want to make a lot of money? If so, here's how you do it in the microcap sector. Accumulate low priced stocks while they are cheap and no one wants them. That way, you can acquire a meaningful position.

Then, you sell when they are hot and everyone wants them. Since you can acquire a decent sized position at the lows, you can sell a decent sized position when the stock gets hot again. It requires discipline and patience, and you will never catch the absolute bottom or the absolute top- you can only take advantage of the ranges.

I've written a number of editions about Bering Exploration, and been on the right side of it a couple of times. I'm a believer in this one long term. It has a reasonable market cap, and they will be delivering oil from a variety of sites around Texas before the end of the year.

I can't tell you what kind of investor to be. I can only tell you if you want to accumulate cheap, and sell later at a higher price, I love this one for two more big moves before the end of the year. 

Bering (BERX) Does It Again

Bering is not only cheap, but it's a very active company. I expect their high level of activity to pay off before the end of this year. They are very close to drilling their first test wells in Texas's Eagleford Shale region, and they will drill several high probability sites right behind the Eagleford properties.

Here's where we are so far:

• The Eagle Ford Prospect: BERX will begin test drilling this summer on 1200 gross acres targeting 3 million barrels of oil at approximately 120 well locations.
• The South Chambers Prospect: BERX will begin driling test wells for potential reserves of 5 million barrels in their Texas Based South Chambers prospect.
• The Gulf Coast- BERX has entered into a letter of intent to participate in a Gulf Coast prospect that could contain up to 10 million barrels of oil.
• The Permian Basin Properties: BERX has entered into a 3 years exclusive exploration agreement with Glaux Oil and Gas on 500,000 acres in West Texas.

Today, post close, BERX announced another major milestone. BERX announced it has reached another agreement to develop a 500 acre tract in South Texas with over $9 million in potential reserves. The company expects to start drilling this one be Q3 of '11.

This company is now moving rather quickly towards moving from an exploration company to a producer, and there will be a time when this stock gets hot again. At present, I own over 52,00 shares I have purchased with my own capital at prices ranging from $.80 to $1.40, and I'm not concernced the stock is around $.60.

I know the stock wiill get hot again- just as it was back in April as BERX completed a run from $.20 to $1.70. That's a major move up, and rewarded investors handsomely who jumped in when it was cheap and no one wanted it.

We are there again. The stock is cheap and no one wants it. For those who wish to wade in, it's time to make a lot of money. You will have to be a little patient, but you will likely be rewarded.

It seems like we're back to normal market seasonality. 2008 caused a 2 year disruption in seasonal patterns. This time of year the market always seems to find excuses to sell off. It's the "Go Away in May" mentality.

Most of you investors reading today's edition probably won't step into the market on this stock. That's because the majority doesn't understand how to make real money. The minority buys cheap and stays patient.

Accumulate this one for the next big move, and you could make some real money on BERX.

Here's today's news:

Home Page : www.otcjournal.com
Email Questions or Comments To: editor@otcjournal.com