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Strategies & Market Trends : Alamos Gold

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To: brian krause who wrote (4309)1/18/2003 1:11:36 PM
From: Al Collard  Read Replies (1) of 4470
 
Hi Brian,

Your in with BLD-t short @$ 16.52 for 1,210 shares.

Chart for Ballard Power Systems, Inc:

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

From the chart of BLD we can see the long black candlestick from Friday's trading showing the bears were in complete control. The heavy volume shows the panic of the bulls as they capitulated. I would wait to short the stock to see if it breaks below the $16.00 level, the last line of support, before the plunge to the previous 52 week lows. (Wait)

Good luck with this pick,
Al
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