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Stockchase Opinions

David ChapmanLeadFX IncLFX.TODON'T BUYAug 04, 2006

Had a very top in January to May and then broke down through the zone. Will have to go back to its lows of last fall in order to form a bottom.
$1.69

Stock price when the opinion was issued

$0.99

As of May 10, 2019. Market Open.

metal mines
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TOP PICK
A pure lead play. Demand is huge for lead. Chart shows a classic Cup and Handle pattern which are also symmetrical triangles.
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Very well managed. One of the only new lead mines that have come up in the world. Management have been on a road show in the last couple of weeks which spiked up the price. Wait for it to settle down.
TOP PICK
Had a major sell off from 2000 and then found a bottom, rallied and then stayed in a narrow trading range. Likes that it is a low price stock and is in the material area and feels the material/resource sector will do well. Should hold at the $1.35/1.40 area, but if it falls below that get out.
WATCH
Has had a spike recently and investors should lighten up when this happens. There is no sign yet that is making a top.
BUY
Starting to move into the trend line that has come up from the lows of last August. Into the second wave correction and should have a third wave up.