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Gold/Mining/Energy : Position Trading in Canada

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To: Ward Nicholson who wrote (2132)6/19/2000 11:18:00 AM
From: Vitalsigns  Read Replies (1) of 2259
 
Have you guys noticed the pullback in SFF lately?

looked at the chart and it sure is hitting extremes, could be due for a short term bounce but doesn't look good for any type of long term rally. I compared it to NF which appears to be holding up a lot better. Both stocks need Lumber prices to firm up again in order for the stock prices to firm up.

SFF 52 week low of $8.80

We are trading just above that level which would suggest a that the stock will bounce a few times to test support. Bounces could see $10 -$11 which are downtrend resistances now. If it breaks 52 week support , watch out.

I prefer to play a stock that is in an uptrend or at least not testing 52 week lows <gggg>

vitalsigns
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