Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: Jon Matz who wrote (906)	2/19/1998 12:45:00 PM
From: chevalier	Respond to of 2346

The one lesson that I have learned over the years playing juniors is to never argue with the technicals even if the fundamentals are incredible. I have always liked YRI as a company in every aspect but still went short a whiles back when it broke below $4.00. I covered at around a $1 and then began accumulating the stock below $0.80 because that is where the chart indicated accumulation was occurring. Then these drill results came out. The stock ran yesterday through the mild $1.50 resistance level and today touched the next more major resistance level at $2.25. The trading did not appear to have the strength to go through it so I sold. The $1.50 resistance should now be support. Look, YRI is in decent shape as it broke out of it accumulation pattern. More good news will be needed to propel it through the $2.25 range or good promotion from newsletter writers etc. You should be O.K. because a positive breakout appears to have occurred. Good Luck Ari