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Strategies & Market Trends : Ride the Tiger with CD

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To: SwampDogg who wrote (129123)	8/23/2008 12:29:22 PM
From: Claude Cormier	Read Replies (1) of 312988

I prefer this count as the consolidation range for CFO is more than a year old. stockcharts.com Consolidation range of $3.00-$1.00 Price range = $2.00 TA Measurement $3.00 + $2.00 = $5.00 IT high = can go higher. TA is not a perfect science. Fundamentals are not perfect either but come into play when evaluating a potential IT. Here CFO still appears reasonably priced at at $71 million for what looks like a minimum of 2 million ounces heading higher. CPQ is also dirt cheap now at $165 million for between 3-4 millions ounces in oxides (not counting the zinc and lead for now), and I own it, but in May at $5.43 it was close to fairly valued. As fo gold, for each technician that sees a bottom behind one, there is one that says gold is heading to a new low and could move to below $700. Both are possibilities. In the base metals camp, zinc and lead could fall another 25% if not more, depending on the global recession. There are very few things that should be taken for granted in this market. And yes... the drill has something to do with it. I think. We will have to disagree on this one.

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