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: tasman99 who wrote (2374)	5/6/2001 4:39:19 AM
From: Al Collard	Read Replies (1) of 11802

Hi tasman, Your in with MBX-t @$.60 for 16,666 shares. Chart for Microbix Biosystems, Inc.(MBX-t): stockcharts.com[l,a]djclnimy[pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] Looking at the chart for MBX we can see that after a long downtrend the stock turned back up last week albeit on low volume. The stock is currently trading at or near all it's major MA's and is trading above it's 20EMA which should now act as support. The Stochastics is in overbought territory but the crossover of the +DI atop the -DI on the ADX and the rising MACD are very bullish. The only real concern with this chart is the lack of volume of late which is nothing news wouldn't rectify. Any news anticipated near term? Good luck with this pick tasman, Al

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