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


To: marcos who wrote (5715)12/29/2001 2:02:52 AM
From: Al Collard  Respond to of 11802
 
"and what if it prints .99, then i get stopped out into cash?"

Marcos,

I would of liked to have included all stocks in the 2002 Challenge but too many would have picked $.02 stocks making it an unfair advantage to the other picks. In a downturn so many of the puppy stocks would get cut in half thus putting the entrants out of the game. I chose the $1.00 limit as you have to put limit somewhere and it was a nice round figure to trigger stops.

Yes any stock that printed under $1.00 would have the entrant stopped out @$1.00, the entrant could get back into the market on the last day of the month.

Some resource stocks other than K-t trading over a buck: BAY-t, FGX-v, GLG-t, IMN-t, MFL-t, NRI-t, S-t, SUF-t to name a few.

Regards,
Al



To: marcos who wrote (5715)12/29/2001 7:40:21 AM
From: Al Collard  Respond to of 11802
 
Hi marcos,

Your in with NGT-v @$.23 for 43,478 shares.

Chart for National Gold Corp:

stockcharts.com[w,a]djcaniay[dc][pc20!b50!b100!b200!f][vc60][iUb14!Ll14!La12,26,9!Lh14,3!Lc20]

From the chart of NGT we can see that the stock has broke out as of late and is now trading above all it's major MA's. The crossover of the 50MA atop the 100MA is a very bullish sign and all the chart indicators are bullish. The stock should now have good support @$.19 it's 20EMA which I would like to see it test before further upside can be confirmed. Looks good, and now if it can pick up the volume it could be all poised for a good breakout. JMO

Good luck with this pick, ****
Al