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


To: brian krause who wrote (10890)1/11/2003 1:46:59 PM
From: geoffb_si  Read Replies (1) | Respond to of 11802
 
You beat me to it, Brian...I was looking VERY close at this one.

Cleared the 20- and 50-day MA's on 3X average volume Friday. MACD is poised to cross over. Closed at the high of the day on Friday. I'll bet Al likes this one...

Good luck with it...I'm not sure you'll need it, though...

Regards,
Geoff



To: brian krause who wrote (10890)1/11/2003 2:02:54 PM
From: Al Collard  Respond to of 11802
 
Hi Brian,

Your in with KCA-t @$ 1.05 for 9,523 shares.

Chart for Kasten Chase Applied Research Ltd:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Lh14,3]&pref=G

From the chart of KCA we can see the stock broke atop it's major MA's on Friday on above average volume. The white Marubozu candlestick shows the bulls were in complete control but this often leads to a blow off top on the next trading day and then the crash down to support again. If I owned it I would hold and hope to sell into the blow off top, if it happens. If I wanted to buy I would wait for the next test of support. (Wait)

Good luck with this pick,
Al