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: Al Collard who wrote (5252)	12/2/2001 10:44:38 AM
From: Don Pueblo	of 11802

It's a cup and handle with resistance at Fib retracements that's half formed. Not only that, I did ZERO research on it. They could be smuggling heroin for all I know. It will go past 1.40 if the pattern fully forms up and I'll be in at the best spot. The question is - will the pattern form, and will Mr. Chicken Brains bail out if the risk exceeds half the reward? <G> Since this is just a game, I don't need to post my exit strategy if things go wrong. (around .70) Usually I look at the trade like 'risking a dollar and looking for two or more'. Now that I think about it, that would not be a bad thing to have as a "voluntary" part of the contest, since I suspect that most of us never enter a trade without at least considering where we get out if things don't go right. Never bought one of these -bargain priced- Canadian style deals before. I wonder if my buddies in Vancouver eh are mad at me for picking Toronto.

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