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

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To: vds4 who wrote (4293)10/19/2001 6:56:36 PM
From: Al Collard   of 11802
 
Hi Martin,

Your in with AC-t @$1.80 for 5,555 shares.

Chart for Air Canada:

stockcharts.com[l,a]djcanimy[dc][pc20!b50!b100!b200!f][vc60][iUb14!Ll14!La12,26,9!Lp14,3,3!Lc20]

From the chart we can see a picture of a falling knife and those that have been buying it with hopes of a bottom have been cut deeply. The stock is trading under all it's major MA's and although it appears to be oversold I'm just not sure we have seen the bottom yet. At some point one would expect a bounce up to test the 20EMA but the big question is when.

Good luck with this pick,
Al
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