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


To: Alex who wrote (2607)5/19/2001 6:39:29 AM
From: Al Collard  Read Replies (1) | Respond to of 11802
 
Hi Alex,

Your in with WT-t @$.80 for 12,500 shares.

Chart for Westfort Energy Limited(WT-t):

stockcharts.com[l,a]djclnimy[pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9]

Looking at the chart for WT we can see the stock broke out Friday on good volume finishing at the high of the day. The stock should now have support @$.71 it's 20EMA and resistance @$.83 it's 100MA. The Stochastics and MACD are both trending up and the crossover of the +DI of the -DI on the ADX is very bullish. All in all a bullish looking chart.

Good luck with this pick,
Al



To: Alex who wrote (2607)5/23/2001 2:00:30 AM
From: Al Collard  Respond to of 11802
 
Alex, news on your pick WT-t:

Westfort Energy closes 531,500 private placement


Tue 22 May 2001

News Release

Mr. Jerry Lambuth reports

Westfort Energy has closed a private placement of 531,500 units at 75 cents
per unit, each unit consisting of one common share and one common share
purchase warrant of the corporation, each warrant being exercisable into
one common share at a price of 93 cents per share until 4:30 p.m. (Jackson,
Mississippi time) on May 9, 2006. In addition, 53,150 units were issued as
a finder's fee in relation to the private placement.
The corporation intends to use the gross proceeds of $398,625 for working
capital and in furthering development of its drilling/development
activities.
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com