Monday January 11, 2010
Mark Leibovit uses a proprietary technical system known as volume reversal analyst; his top pick for 2010 is Legend Int'l Holdings (Other OTC: LGDI). Here's the latest from VRTrader.
"Legend International Holdings, Inc. engages in the exploration and development of mineral properties.
It principally focuses on the development of its phosphate deposits located in the Mt. Isa district, along the margin of the Georgina Basin of Queensland, Australia.
"The company also owns interests in diamond and base metal projects located in Northern Territory. Its exploration licenses cover 40,525 acres in Queensland and 4.7 million acres in the Northern Territory, Australia.
"Legend International Holdings has a strategic alliance agreement with Wengfu Group Co. Ltd. The company was formerly known as Sundew International, Inc. and changed its name to Legend International Holdings, Inc. in March 2003. Legend International Holdings was founded in 2001 and is based in Melbourne, Australia.
"Our technical target for the shares is a move to $2.25-$2.50."
