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


To: vds4 who wrote (10903)1/12/2003 5:03:22 AM
From: Al Collard  Respond to of 11802
 
Hi Martin,

Your in with WM-t @$ 1.59 for 6,289 shares.

Chart for Wallbridge Mining Co. Ltd:

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

From the chart of WM we can see the long white candlestick from Friday's trading showing the stock closed close to it's high of the day, with a higher high and a higher low, definitely bullish. The stock is nearing overbought levels but the well above average volume is intriguing. If I owned it I would hold, with the assumption the stock will have to consolidate and put in a base before going much higher. (Hold)

Good luck with this pick,
Al