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

To: Ichy Smith who wrote (2190)	4/28/2001 3:50:08 PM
From: Al Collard	Respond to of 11802

Hi Peter, Your in with MGI-t @$2.02 for 4,950 shares. Chart for MGI Software Corp.(MGI-t): stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3] Looking at the chart for MGI we can see that after a long down-trend the stock has been basing right around the $2.00 level for the last month. The MACD and the Stochastics are both pointed up indicating further upside potential. The one indicator of some concern is the ADX where the +DI needs to cross atop the -DI to give a clear sign of a trend reversal to the upside. Trading under all it's major MA's the stock shouldn't have any real resistance to it gets over the $3.00 level at it's 50MA but first it must start trading over it's 20EMA @$2.11, which it hasn't done in the last three months. Good luck with this pick Peter, Al