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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 (11304)	2/8/2003 2:22:36 PM
From: Al Collard	Respond to of 11802

Hi Bob, Your in with IEY-t @$ 1.65 for 6,060 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 stock broke below it 50MA last week on average volume. All the major MA's have turned down indicating a new downtrend is probable. The chart indicators are bearish pointing to further downside. If I owned the stock I would sell and buy it back after it consolidates when it finds it's bottom. Looks like a good short to me, so it will probably go up. <ggg> (Sell) Good luck with this pick, Al