SNX 29.3% 5.3¢ sierra nevada gold inc.

Not only that - the "weekly close" price has broken above the...

  1. 4,654 Posts.
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    Not only that - the "weekly close" price has broken above the 50-day Moving average for the 1st time since November 2000.

    ...and in the last few weeks it has twice found support on this same trend line before rebounding higher.

    Unfortunately, I am no graphics whiz and I cannot paste a copy of the eTrade graph to show you.

    I believe the trend has changed and - barring any adverse news - this will continue to strengthen in coming months. If you check their August results you will notice a very clean balance sheet.

    The company has not been w/o its problems over the last 12 months but despite some mistakes (coupled with the economic downturn in web-security spending) the management team is at least honest & credible.

    I hold SNX and have added a further 25% to my holding in recent days.
 
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