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Strategies & Market Trends : Alamos Gold

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To: hx4 who wrote (4205)	1/5/2003 7:11:46 AM
From: Al Collard	Read Replies (2) of 4470

Hi Harry, Your in with SWG-t short @$ 13.76 X 1,453 shares. Chart for Southwestern Gold Corp: stockcharts.com[w,a]dacaniay[dc][pc20!b100!f][vc60][iLa12,26,9!Lh14,3]&pref=G From the chart of SWG we can see the black candlestick from Friday showing the bears were in control, it appears a bout of profit taking kicked in. The lower high and lower low is bearish along with the lower close as the stock is showing that it is overbought. But after such a big share price run-up some profit taking is to be expected. I would wait to short the stock if it dips under $12.50, showing a trend reversal. It would be better to take a bite out of the middle on a short than sit in agony as the stock breaks out to new highs. JMO (Wait) Good luck with this pick, Al

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