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: Duff Gain who wrote (1684)	4/7/2001 7:16:41 PM
From: Al Collard	Read Replies (2) of 11802

"Take a look the BRT.TO chart. What do you think????????? stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3] We sure are seeing more and more charts that look just like this one. The "falling knife" chart. I'd like to think this stock is a bottom bounce candidate from these depressed levels but I would of thought that 2 weeks ago also and look where it's at today. This stock "looks" extremely oversold and I would expect a bounce back to the 20EMA. But to be honest with you in the current market the way it is, I'd wait, to the stock was trading above it's 20EMA with a clear trend reversal and the +DI on the ADX crossing over to the upside on the -DI. You have to wonder where this stock may end up if the volume ever picks up to the downside. So far the sell-off has been on low volume. There just doesn't seem to be any buyers left for some of these stocks. regards, Al

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