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


To: Eva who wrote (2829)5/27/2001 8:52:51 AM
From: Al Collard  Respond to of 11802
 
Hi Eva,

Your in with BAY-t @$1.80 for 5,555 shares.

Chart for Corner Bay Minerals, Inc.(BAY-t):

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

Looking at the chart for BAY we can see the stock broke through it's 200MA last week and was struggling to stay atop it. The stock has good support @$1.62 it's 20EMA and one would suspect at some point it will test it. The ADX and MACD are both showing strong uptrends in place although the Stochastics is nearing overbought territory. This stock being a play on the price of silver will rise and fall with the spot price of the metal and from all indications a bull market has started in the PM's. This should bode well for the share price of this stock in the near future.

Good luck with this pick Eva,
Al