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

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To: geoffb_si who wrote (11537)3/1/2003 10:56:29 AM
From: Al Collard   of 11802
 
Hi Geoff,

Your in with ONC-t @$ 1.80 for 5,555 shares.

Chart for Oncolytics Biotech, Inc:

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

From the chart of ONC we can see the stock is consolidating just atop it's 20EMA. The stock needs to make a clean break of it's 50MA @$ 1.89 for a new uptrend to be confirmed. The low volume to end the week shows the selling pressure has abated so the downside risk appears minimal. A little news and this puppy should fly. (Buy)

Good luck with this pick,
Al
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