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: JR. who wrote (10692)	12/28/2002 8:06:52 PM
From: Al Collard	of 11802

Hi JR., Your in with MOA-v @$ .83 for 12,048 shares. Chart for Mountain Lake Resources, Inc: stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G From the chart of MOA we can see the bearish gap down from Fridays candle where it closed at the low of the day. The fortunate thing was the volume was extremely low and the short black candle is a consolidation candle not a bout of panic selling. From the chart it's obvious the stock is having a tough time breaking atop it's 50MA where it has tested that resistance point several times and failed to break through so far in December. I would wait for a break just atop the 50MA before buying i if I didn't own the stock already. (Wait) Good luck with this pick, Al

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