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


To: Barny who wrote (2057)4/23/2001 5:59:28 AM
From: Al Collard  Respond to of 11802
 
Hi Barny,

Your in with ATF-t @$.92 for 10,869 shares.

Chart for Alternative Fuel Systems, Inc.(ATF-t):

stockcharts.com[h,a]djclnimy[pc20!b50!b100!b200!b10][vc60][iLh14,3!Ll14!La12,26,9]

Looking at the chart for ATF we can see the stock is currently in an uptrend after bottoming out on Apr 9th. The stock has considerable resistance overhead at it's 50MA @$1.03 where it bounced off of last week on it's first test of this important average in over two months. The MACD and the ADX are both positive and are showing strength of the uptrend but a re-test and a hold of the 20EMA would be needed to confirm this up-trend is still in tact.

Good luck with this pick Barny,
Al



To: Barny who wrote (2057)4/24/2001 9:30:37 AM
From: Al Collard  Respond to of 11802
 
Barny, news on your pick ATF-t:

Van Sun says Alternative Fuel has phantom contracts

Tue 24 Apr 2001


The Vancouver Sun reports in a lead business story in its Tuesday edition
that phantom contracts are driving Alternative Fuel Systems. Reporter David
Baines says the company's disclosure record has been riddled with
exaggerations and misrepresentations. Last month, Alternative Fuel ended
its long but not-so-illustrious career as a Canadian Venture Exchange
listing, becoming one of 56 CDNX-listed companies to "graduate" to the
Toronto Stock Exchange since the CDNX's inception in November, 1999. While
CDNX president Bill Hess has frequently used this statistic as evidence of
the exchange's ability to develop fledgling companies, the jury is still
out on Alternative Fuel. The company, which has developed a system to
convert gasoline-powered vehicles to compressed natural gas, has produced
nothing but losses since its inception. The company has announced numerous
multimillion-dollar contracts which have not materialized. The two main
figures behind the company, Dale Simmons and Gerhard Klopp, have taken
advantage of investor excitement induced by these announcements to dump
hundreds of thousands of dollars worth of stock. Acumen analyst Dean Kim
recently boosted the stock.