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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: pull_da_trigger who wrote (1129)3/17/2001 9:26:33 AM
From: Al Collard   of 11802
 
Hi P.D.T.,

Your in with SSP-v @$.85 for 11,764 shares.

Chart for Storage Access Technologies Inc.(SSP-v):

stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3]

"Going to stick with V.SSP until I win. :)"

I hear you on this statement. One must wonder when this correction is ever going to end. They can't keep going down for ever. Can they? <ggg>

Looking at the chart for SSP one can see it has entered a significant downtrend on or about Feb. 19th. The Slow Stochastics looks a tad oversold and is pointing up, although the ADX is still negative and the MACD is still in a downtrend. The stock is trading under all it's MA's and has significant resistance directly above, all this on declining volume. A very bearish chart to say the least. It's obvious this stock needs a good NR to reverse it's fortunes.

Good luck with your pick next week,
Al
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