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


To: teevee who wrote (2914)6/2/2001 8:20:50 AM
From: Al Collard  Read Replies (2) | Respond to of 11802
 
Hi teevee,

Your in with TSX-t @$1.96 for 5,102 shares.

Chart for 360networks, Inc.(TSX-t):

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

Looking at the chart for TSX and we can see the downtrend the stock has been in since Feb on good volume. Since the downtrend began the stock has been trading under it's 20EMA and needs to clear this major resistance level before an uptrend can take place. From the chart there is no indication that further downside won't happen and to me a good entry point on the long side would be a break of the 20EMA and not until.

Good luck with this pick,
Al