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


To: mark calgary who wrote (10772)1/4/2003 6:00:57 PM
From: Al Collard  Respond to of 11802
 
Hi Mark,

Your in with TTC-v @$ 1.55 for 6,451 shares.

Chart for Tathacus Resources Ltd:

bigcharts.marketwatch.com

From the chart of TTC we can see the black candlestick that formed on Friday showing the bears are in control but are weak as evidenced by the volume. The trend for this stock is definitely down as it broke down out it's wedge last week. The stock is appearing oversold however, so may bounce back to the $1.75 level, but a break below $ 1.50 could spell disaster and subject the share price into a free fall. Not sure I would have the balls to touch this one without some additional volume. I would wait to short it on a dip below $1.50 or go long on a clean break over $1.75. BWTHDIK (Wait)

Good luck with this pick,
Al