Eldorado Message Board - Msg: 19299963

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Gold/Mining/Energy : Eldorado

ELD 33.19

-0.4%

Jun 14 5:00 PM EST

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To: menanna who wrote (521)	9/12/2003 3:48:56 PM
From: Kaena™	Read Replies (1) of 527

This guy has terrible timing. This stock was a buy under 20 cents back in 2001. Currently the stock is overbought and has broken down through its 20 day MA support. We may get a bounce here or a possible retest but the risk-reward is too high. I plan to reenter after the next correction in gold. This stock will probably retrace 50% of its gain from C$1.70. From its recent top of 3.70 that implies back to the 2.70-2.80 area. Also this is where it will hit its longer term supports of 140 and 180 day moving averages. This is definitely a great stock.

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