Cardero Resources (CDU.V) Message Board

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Gold/Mining/Energy : Cardero Resources (CDU.V)

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To: stonecrop who started this subject	8/23/2003 10:44:43 PM
From: techguerrilla	Read Replies (1) of 217

Steve Saville's recent comments on CDU ..... Steve Saville, Speculative Investor, 20 August, 2003 "In the latest Weekly Update we mentioned that Cardero Resource (TSXV: CDU) was interesting from a technical perspective and might be a suitable speculation at its current price for those with a high tolerance for risk. Speculators who took the opportunity to buy the stock on Monday would now have a decent profit (the stock traded in the 0.83-0.87 range during most of Monday's session and closed at 1.19 on Wednesday). The stock will probably move higher in the short-term with resistance in the 1.40-1.50 being a reasonable target, but we no longer consider it to be a speculative buy. Longer-term, if the next set of drill results confirm the most recently released results then CDU will move well above resistance at 1.50." /john

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