Corner Bay Silver (BAY.T) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Corner Bay Silver (BAY.T)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Claude Cormier who wrote (2157)	12/15/2001 10:51:20 AM
From: Claude Cormier	Read Replies (2) of 4409

<However, the TA pattern tells me to check again.> I agree with you that the action since September looks like a bearish wedge. But TA does not always tell the story and there is always an alternate interpretation. On the longer term, BAY, now at $1.95 is at the top of a 13-months long consolidating channel ($1.25-$1.95). It has not closed at this level on a weekly basis since October 2000. It looks rather strong here with the price sitting above both its 50 and 200 MA. Since both MA are trending higher, I believe that we are in a break-out mode rather than a topping upward reaction. Of course, ths could change if silver suddenly break down and move rapidly below $4.00 The coming weeks action will tell the story, but at this point in time, I think that the fundamentals support the bullish technical outlook. Although BAY still has to complete its feasibility study, get permits, obtain financing and all.. I am not aware of any negative at his point that would change the long term potential of Corner Bay Silver. Read also: Message 16796281

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next