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


To: Shaw who wrote (1396)3/25/2001 6:26:18 PM
From: Al Collard  Read Replies (1) | Respond to of 11802
 
Hi Shaw,

Your in with GAM-t @$1.57 for 6,369 shares.

Chart for Gammon Lake Resources, Inc.(GAM-t):

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

Looking at the chart of this stock the first thing that comes to mind is, what happened? What a sell-off on volume.
Checked the latest NR and the company was doing damage control and state there are no problems other than market volatility. This stock definitely looks oversold at this point and if what the company says is true, one would expect the gap to the $2.30 level to be filled in short order. If the stock just sold-off on a misplaced rumour one could expect an easy double on this stock.

Any story behind this stock pick Shaw?

Good luck with it next week,
Al