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

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To: Rise who wrote (11454)2/22/2003 9:59:13 AM
From: Al Collard   of 11802
 
Hi Rise,

Your in with GGL-v @$ .28 for 35,714 shares.

Chart for GGL Diamond Corp:

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

From the chart of GGL we can see the stock broke out on Friday and put in a new 52 week high, on normal volume. Looking back on the chart we can see when the 20EMA crossed atop the 50MA on Feb.13th a great buying opportunity afforded itself for those deft enough to climb on board. More and more we see from the charts that this crossover is a great buying opportunity as a rule and an indicator we should pay attention to. However, with GGL, we may have seen a temporary top as the Stochastics is showing the stock to be overbought, suggesting a hold while the stock consolidates waiting for the fundamentals to catch up to the share price. (Hold)

Good luck with this pick,
Al
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