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


To: Andrew who wrote (1145)3/17/2001 1:47:19 PM
From: Al Collard  Read Replies (1) | Respond to of 11802
 
Hi Andrew,

Your in with BGO-t @$.36 for 27,777 shares.

Chart for Bema Gold Corp.(BGO-t):

stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3]

One look at this chart tells all, this stock is heading down. The doji candle on Thursday signified a turning point down, and down it went on Friday. The ADX is negative, the MACD is heading down and the Slow Stochastics is still heading down although it is getting in oversold territory. This stock is currently trading under all it's MA's and is likely to meet major resistance getting over the $.40 level.
The one saving grace with this stock is that it is solely a play on the price of gold, so should track the spot price of gold to a fault.

Good luck with this pick next week,
Al