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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (953)6/13/2000 12:44:00 PM
From: Little Joe  Read Replies (2) | Respond to of 4409
 
Claude:

Interesting you should mention IWA. Looking at the chart a clear buy signal was given around .25 and stock went to 2.50 and corrected sharply to 1.50. As a chartist I would say buy around .25 if I hadn't sold on the break to the 1.50 area, I would get out now at 2.OO area. in either event a great profit.

Right now it looks like a short. But I would need momentum indicators and other info to time the sale.

I guess we are talking about two different styles of investing. Unfortunately, I do not think I am competetent enough to analyze most stocks in a fundamental manner with any degree of confidence. However, from my personal experience, there are many stocks that I beleived to be fundamentally sound that were not technically sound and whenever I ignore the technicals, I get in trouble.

Having said that, it is enttirely possible that once the overhead resistance is breached this stock could move up very quickly. Until that happens, I am a nervous nellie and can't bring myself to commit more to it. Despite your extremely persuasive arguments to the contrary. :)

Live long and prosper,

Littlejoe