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


To: Chuca Marsh who wrote (10790)1/5/2003 9:33:48 AM
From: Al Collard  Respond to of 11802
 
Hi Chucka,

Don't put too much credence into my into my buy, sell, hold, or wait signals. These are only my opinions and are often wrong. These are puppy stocks and can change with the whip of a news release. I will offer a little explanation to what wait and hold mean to me however.

(Wait): the stock is nearing support or resistance levels and I would wait to the stock goes above or below one of these levels before deciding if it is a short or a long. At the point when I said wait, I am not sure which way the stock is going to head. I would not want to own a stock when I didn't have a clear signal of which way it was headed.

(Hold): means the stock has gotten ahead of it's self and needs to consolidate before moving any higher. I still like the stock and would hold it if I already owned it.

You have to remember Chucka that I am at a disadvantage when I do the little blurb on a penny stock's chart. I try not to get involved with the F/A aspect of the stock, only what the chart says. I don't have time to do DD on each and every stock. Since penny stocks move on news, many of the picks move the complete opposite from what I predict.

Hope this helps,
Al