Cannon Explorations (CNEX) looks like a superb long play right now. For those who are unfamiliar with CNEX, the company focuses on finding and harvesting precious metals. With that in mind, get your hard hats on folks because we could really light up the dynamite and see this one blow up!
Cannon explorations is currently camping out at a support line of .0002, which provides us with an excellent opportunity to be roachy bottom feeders (which we here at stockroach love). We are currently observing resistance at .0004, but we could EASILY see this run up to .0007 for a 250% gain. With that type of profit potential, CNEX is out own personal gold mine!
To further fuel the fire, the CEO of the company in a recent interview, “spoke about The Queen Alexandra mine itself, he spoke about the potential of putting the Queen Alexandra into production, and he also touched on the future of Cannon Exploration.”
I don’t know about you guys, but further production creates further profits.
Jack Black,
P.S. just how it's going to be.