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


To: Miner who wrote (11309)2/8/2003 2:33:18 PM
From: Al Collard  Respond to of 11802
 
Hi John,

Your in with DMX-t @$ 2.10 for 4,761 shares.

Chart for Dimethaid Research, Inc:

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

From the chart of DMX we can see the Inverted Hammer candlestick from Friday indicating the latest downtrend may be ripe for a reversal. The chart indicators appear to be close to a bottom and ready to turn up. I would wait before going long for the stock to break atop the resistance of it's 20EMA. I just don't have good luck going long stocks that are trading below their 20EMA's for some reason. (Wait)

Good luck with this pick,
Al