Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: 1st.mate who wrote (1142)	3/17/2001 12:48:29 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Hi Matey, Your in with CNB-v @$.68 for 14,705 shares. Chart for Canabrava Diamond Corp.(CNB-v): stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3] Looking at the chart for this stock one can see it is in a period of consolidation in between the 100MA and 200MA. The one indicator I would use to purchase this stock would be to buy in when the +DI crossed over the -DI on the ADX. A good buy point in my estimation would be just slightly atop the 50MA at around $.73 with a stop-loss just under the 200MA at around $.67 A move in the $.73 range would indicate to me that the stock is breaking out above all the resistance of it's MA's. It will be interesting to see which way this stock breaks out of its current formation. Good luck with your pick next week, Al