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


To: Bearcatbob who wrote (10905)1/12/2003 5:12:46 AM
From: Al Collard  Read Replies (1) | Respond to of 11802
 
Hi Bob,

Your in with IEY-t @$ 1.70 for 5,882 shares.

Chart for Impact Energy Inc:

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

From the chart of IEY we can see the short black candle form Friday's trading showing the bears were in control but they were getting weak near the close. The lower high and higher low shows the volatility has decreased as the stock tests the support of it's 20EMA. If I owned the stock I would hold and put a stop loss in around the $1.65 level just in case the bottom falls out of the oil market with OPEC increasing production. (Hold)

Good luck with this pick,
Al