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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: LABMAN who wrote (10789)1/5/2003 9:19:29 AM
From: Al Collard   of 11802
 
Hi LABMAN,

Your in with MWA-t @$ .28 for 35,714 shares.

Chart for McWatters Mining, Inc:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Lh14,3]&pref=G

From the chart of MWA we can see the long white candlestick from Friday which shows the stock closed near the high of the day with a higher high and a higher low. The heavy volume and new 52 week high show the bulls were firmly in control last week. But, the Stochastics is showing the stock to be overbought, suggesting the stock may need to consolidate before moving to higher levels. (Hold)

Good luck with this pick,
Al
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