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


To: Buckey who wrote (5030)11/24/2001 8:17:25 AM
From: Al Collard  Respond to of 11802
 
Buckey,

Your in with OEL-v @$.54 for 18,518 shares.

Chart for Osprey Energy Limited:

stockcharts.com[l,a]djcanimy[dc][pc20!b50!b100!b200!f][vc60][iUb14!Ll14!La12,26,9!Lp14,3,3!Lc20]

From the chart of OEL we can see the stock has been trading just under the resistance of it's 20EMA for the past month. The chart indicators are neutral but if the old theory that volume precedes price appreciation is true, the stock should move to the upside next week as the volume spike from Friday's trading looks good. Will be interesting to see the next short position report on this stock as it is strange this stock didn't move to the upside on over 5 times normal volume and seemingly good news.

Good luck with this pick,
Al