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: Rocket Red who wrote (3223)	6/16/2001 1:51:57 PM
From: Al Collard	Read Replies (2) of 11802

Hi Red, Your in with MMI-v @$.20 for 50,000 shares. Chart for Meteor Technologies, Inc.(MMI-v): stockcharts.com[l,a]djclnimy[dc][pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] Looking at the chart for MMI we can see the stock is currently trading under all it's major MA's and has been trading under it's 20EMA for over a month. The stock will have big resistance @$.29 it's 20EMA and appears to have bottomed out on Friday with a new 52 week low. The doji candle from Friday's trading often signifies a turning point and I would expect a rally here at least to test it's resistance. The chart indicators are all negative and pointing down but the Stochastics does look ready to turn from oversold territory. MMI-v website:http://www.meteortechnologies.com/ Good luck with this pick Red, Al

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