This stock has come down a long way from its highs of $6.75 back in Feb 2000 and should be regarded as HIGHLY speculative.
However, the recent downtrend has been broken on large volume which suggests confident buying. I higher bottom after the
breakout was confirmed on the 27th of July 2003 which provided an entry. We entered this trade at close of trade that day @ 55c.
Due to the speculative nature of this trade we will have a tight stop loss one cent below the low of that day, 50c.
DISCLAIMER: These are my thoughts only and NOT advice as I am NOT a licensed advisor.
Please consult your stock broker for advice.
Update 5th August 2003: So far so good, the stock stepped up, then consolidated just above our entry level, and now looks
like stepping up another level. Target is set at an old support level of 80c as illustrated.
55c to 80c = 45%.
Update 22nd September 2003: This has had selling on highs, and has now formed a lower high, didn't make target, but still a Healthy 23%.