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

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To: KC Jones who wrote (2001)4/22/2001 11:46:07 AM
From: Al Collard   of 11802
 
Hi KC,

Your in with HTP-v @$1.63 for 6,134 shares.

Chart for Hilton Petroleum Limited(HTP-v):

stockcharts.com[l,a]decanimy[pb50!c20!b100!b200][vc60][iLa12,26,9!Ll14!Lh14,3!Lf]

Looking at the chart for HTP we can see that the stock is currently trading under all it's major MA's and has been consolidating on lower than normal volume for the last month. The MACD, Stochastics and ADX are all pointing to further downside in the near term. On the upside this stock now has considerable resistance to overcome at it's 100 and 200 MA's in the $1.90 range.

Good luck with this pick,
Al
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