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Two Co.s Reach Long-Awaited Milestones
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Chris Temple Chris Temple of The National Investor takes a look at recent updates on two companies: Ominecia Mining and Airtest Technologies to tell you whether he believes it is a good time to buy.

In the last issue, I suggested I'm in a holding pattern for the most part when it comes to making our portfolio mix even more bearish-oriented; something I still think is coming. And yesterday was a good example of why I'm hesitating. The breakout vs. fake out "debate" remains tilted — remarkably — in favor of the former.

And that is despite interest rates surging anew . . . the dollar's rebound . . . still-hot inflation . . . and the idea that the Fed's so-called "terminal rate" may be closer to 6% than to 5% by summer time or so. With an assist to Atlanta Fed President Bostic (who yesterday charged the bulls up anew by suggesting he thinks 25 bps hikes are appropriate; not 50 bps as a couple of his colleagues have suggested) the stock market yesterday logged an important technical day.

This was an "outside day." That means, both the low and high for the day on the S&P 500 exceeded the marks of Wednesday, with the close likewise above Wednesday's high. Often times that marks a change of direction, at least near-term: and notably now, as the trend line I have highlighted several times in recent days holds.

If Airtest can keep up with what seems likely to be much more brisk demand for its offerings, it seems that the healthy quarter-over-quarter revenue that should ensue will foster a continuation in the share price rebound.

A few months back, I discussed the arguments some of the bulls are making today, in comparing the present days with the inflationary 1970s. From their bear market bottom in 1974, stocks more than doubled even as inflation perked up and interest rates were belatedly raised.

This era, though, had commodities going up at a FAR faster rate than the broad stock market, the fun for both ending only after Paul Volcker sent rate increases into overdrive.

Granted, in the summer of 1974 stocks were fundamentally cheap; quite unlike today. Then again, central banks back then hadn't yet discovered Quantitative Easing, as today, adding zillions of dollars of liquidity to the mix, often rendering fundamentals fairly meaningless. Especially when you consider what I pointed out about Japan last issue (and more on that is coming next issue) it shouldn't be a shock that stocks have continued to do better than some of us thought would be the case. And this all bears watching, as some chatter is cropping up that the Fed is about to lose control of things yet again.

My recent "giving up" on a couple more chronic laggards is happily being outweighed by nascent comebacks elsewhere for good companies finally realizing long-awaited milestones: 

Omineca and Airtest

Yesterday morning after it was released, I shared the LONG awaited NEWS that Omineca Mining and Metals Ltd.'s (OMM:TSX.V; OMMSF:OTCMKTS) contractor partners have begun liberating gold from the underground paleo channel at Wingdam.

Indeed, after taking forever, it seemed, the news underscores the fact that they are hitting the paleo channel hard and on more than one front, now that they are happy with the front-end engineering work that had to come first.

The company just came out with a new "mini-deck" describing progress to date: it is DOWNLOADABLE HERE.

Next, we have ATI AirTest Technologies Inc. (AAT:TSX.V; AATGF:OTC).

The share price has been rebounding a bit, but as THIS WEEK'S NEWS suggests (and as I discussed recently in another update) business is going to be even more so roaring higher.

In addition to getting the long-awaited official "blessing" for subsidized installation of its IAQEye™️ Demand Control Ventilation (DCV) solution in shopping malls in (to start) Ontario, Canada, the company is also seeking the same "Good Housekeeping Seal of Approval" in California as THIS NEWS from Feb. 21 reports.

This is another huge potential market for AirTest and--especially with the potential added subsidy here as well--makes the company's energy-saving offerings a no-brainer.

If the company can keep up with what seems likely to be much more brisk demand for its offerings, it seems that the healthy quarter-over-quarter revenue that should ensue will foster a continuation in the share price rebound.

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1) Chris Temple: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: ATI AirTest Technologies Inc. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company currently has a financial relationship with the following companies mentioned in this article: Northern Graphite could become a future advertiser at

I determined which companies would be included in this article based on my research and understanding of the sector. 

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Omineca Mining and Metals Ltd. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.  As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: ATI AirTest Technologies Inc. Please click here for more information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees, or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in the securities mentioned. Directors, officers, employees, or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of ATI AirTest Technologies Inc. and Omineca Mining and Metals Ltd., companies mentioned in this article.

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