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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (57161)	2/29/2008 10:48:13 AM
From: polarisnh	Read Replies (1) \| Respond to of 78418

loantech, I just pulled up the chart on USA. I don't own it but I have heard many on SI hyping the daylights out of it. Pretty much if you bought the stock within the last year you are in a losing position. I actually like the way that USA is behaving over the past month. It bottomed out around $.66 and the selling completely fell away. It then took out the 50 day moving average on good volume on 2/21/08 and has since blown away the 100 and 150 day moving averages on 2/28/08 on really good volume. Now it might be a little over extended on the short-term but if you put up a 2-year chart and connect the highs you will notice that USA is trying to bust out of the down trend that should at least challenge the $1.49 high from 5/10/07. I wouldn't be too quick to unload it as it appears to be that most of the pain on USA is now in the past. Just my opinion. Cheers, Steve