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Strategies & Market Trends : Alamos Gold -- Ignore unavailable to you. Want to Upgrade?


To: Chuca Marsh who wrote (4313)1/19/2003 7:04:23 AM
From: Al Collard  Read Replies (3) | Respond to of 4470
 
Hi Chucka,

Your in with G-t short @$ 19.33 for 1,034 shares.

Chart for Goldcorp Inc:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G

From the chart of G we can see the stock sold off on Friday closing close to it's low of the day, a definite sign of weakness. The failure to stay atop it's 20EMA, with the close just under it, is a bearish signal. A test of the 50MA @$ 18.05 is a real possibility early next week, but with all the troubles looming in Iraq I would wait before going short a producing gold stock. (Wait)

Good luck with this pick,
Al