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Strategies & Market Trends : Stocks to Watch -- Ignore unavailable to you. Want to Upgrade?


To: brian krause who wrote (160)4/25/2001 12:37:49 AM
From: Al Collard  Read Replies (1) | Respond to of 592
 
Hi brian,

PUG-t...."A Stock to Watch"

PUG-t...by the looks of the price action today and with the 7x normal volume the market must be anticipating news. Could be a leak from the assays on the 20 tonne mini-bulk sample from the k252 kimberlite taken from their Buffalo Hills property in March. If this is the case then I would assume the news is good by the volume and price appreciation.

Chart for PUG-t:

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

Looking at the chart we can see the stock broke out today and closed at the high of the day on way above normal volume. The stock is now trading above all it's major MA's, so there is nothing but blue sky above. The ADX and MACD are both pointing straight up indicating further upside is a definite possibility. The chart is saying to expect news, will be interesting to see if this was a buy on rumour day and if tomorrow will be a sell the news one.

NR from March 30th:

adviceforinvestors.com

regards,
Al