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


To: russwinter who wrote (2683)5/20/2001 7:49:36 AM
From: Al Collard  Respond to of 11802
 
Hi russwinter,

Your in with GBG-v @$1.02 for 9,803 shares.

Chart for Great Basin Gold Limited(GBG-v):

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

Looking at the chart for GBG we can see the nice breakout the stock had on Friday on 4x normal volume and the finish at the high of the day is very encouraging. The crossover of the +DI atop the -DI on the ADX is bullish although the ADX is still in a weak trend. The Stochastics shows the stock may be a tad overbought although stocks can be overbought for long periods of time in an uptrend. The crossover of the MACD confirms a strong uptrend is in place. All in all a fairly bullish looking chart and if the stock can stay above $.91 it's 100MA after Friday's breakout it could be clear sky all the way to $1.30 it's 200MA the next real resistance.

Welcome to the Under $3.00 Stock-Picking Challenge thread. Always nice to get some fresh ideas and picks for the thread. Keep up the great work on the "gold" threads as your posts are always enlightening and help to keep the gold fever alive in all of us "closet gold bugs".

regards,
Al



To: russwinter who wrote (2683)5/26/2001 6:40:47 AM
From: Al Collard  Respond to of 11802
 
Hi Russ,

Your in with GBG-v @$.99 for 10101 shares.

Chart for Great Basin Gold(GBG-v):

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

After the big price spike on good volume of a week ago this stock spent last week in re-trace mode and bounced off of it's 100MA support on much lower volume. The chart indicators are neutral with a bullish bias but the low volume suggests a stock in need of news to keep it's momentum going.

Good luck with this pick,
Al



To: russwinter who wrote (2683)6/2/2001 6:53:39 AM
From: Al Collard  Respond to of 11802
 
Hi Russ,

Your in with GBG-v @$.98 for 10,204 shares.

Chart for Great Basin Gold Limited(GBG-v):

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

Looking at the chart for GBG we can see the stock broke through the support of it's 20EMA @$.91 last week but found support @$.82 it's 50MA on below average volume. The crossover of the -DI atop the +DI on the ADX is bearish as is the downturn of the MACD. The Stochastics shows a downtrend in place with further room to fall. All in all a bearish looking chart and the stock needs to hold it's 50MA or further downside should be expected.

Good luck with this pick,
Al