Canadian-under $3.00 Stock-Picking Challenge Message Board

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

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To: kirby49 who wrote (2373)	5/6/2001 4:29:58 AM
From: Al Collard	Read Replies (1) of 11802

Hi Bob, Your in with K-t @$.85 for 11,764 shares. Chart for Kinross Gold Corp.(K-t): stockcharts.com[l,a]djclnimy[pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] Looking at the chart for K-t we can see the stock is currently trading right on it's 50MA which should act as support, a break of this support and the next support level would be @$.80 it's 100MA. The Stochastics is turning down from overbought territory and the MACD and ADX are turning down as well. Looks like the stock could be suffering through a bout of profit taking after a nice run-up. A stop-loss @$.79 just under the 100MA may be a prudent move presently just in case gold goes out of favour again short term. Welcome to the Under $3.00 Challenge thread Bob and good luck with your pick. regards, Al

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