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

To: Fred C. Dobbs who wrote (10877)	1/11/2003 1:10:45 PM
From: Al Collard	Respond to of 11802

Hi Fred, Your in with KBG-v @$ .41 for 24,390 shares. Chart for Kings Bay Gold Corp: stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G From the chart of KBG we can see the stock closed at it's high of the day on Friday but had a lower high with an unchanged low. The last two candlesticks formed what is known as a Harami Pattern showing the bulls are losing steam. However, this pattern needs a gap down or a week close on Monday for confirmation the bear is back. If I owned the stock I would set my stop losses just under the previous low @$ .35 and if I wanted to buy I would wait to see if Monday confirms the bear is back. The stock would need a close over the $ .45 level for me to want to go long. (Wait) Good luck with this pick, Al