3SOF

I kept it .. and now paying for it... 

DEZ is trading in a pretty clear ascending channel. I quite like DEZ here as a short, right at the top of its trading channel, above the upper bollinger band, RSI touching 70 (previously signal for return to lower channel area). Sure DEZ is not the best short out there, but it can be a safe trade because if you short near the top of the channel you need only have a very close stop (just above the recent high of $2.49, the spike above the channel). Profit target would be around $2.05

near new 52 weeks high

www.streetinvesting.com: Begins Research on Desert Sun Mining Corporation
Friday , January 06, 2006 13:01 ET

Jan 06, 2006 (M2 PRESSWIRE via COMTEX) -- Streetinvesting.com has focused their attention on Desert Sun Mining Corporation (TSX:DSM) after a steady increase in share prices for the second half of 2005. Trading volumes have also been consistent and our researchers are interested in the short and long-term future of Desert Sun. Streetinvesting.com strives to bring true growth opportunities directly to its valued subscribers. Our strength lies in finding these undervalued and under-marketed companies and delivering our research in a timely manner. Streetinvesting.com will be tracking this company attentively for the subsequent weeks and keep interested investors and shareholders posted on any new findings and behind-the-scenes update. For a complimentary and comprehensive report on our current analysis and opinions, please visit www.streetinvesting.com for a free membership subscription.

Desert Sun Mining Corporation is a Canadian gold mining company focused on the re-development of their 100% owned Jacobina Mine, as well as exploration of their 155km long Bahia Gold Belt property, both located in the state of Bahia, Brazil.

Gold production has become a major source of income for several countries of the Amazon region, especially Brazil. In fact, Brazil has become the fourth largest producer of gold in the world.

The Jacobina property has had over US$110 million previously invested in its development and contains a 1.5 million tonne per year processing plant. From 1983-1998, the property produced approximately 700,000 ounces of gold, after that, the mine was closed and placed under care and maintenance as a result of the low gold prices of the time.

Consolidating in range of 3.45 - 3.70 range.
- Dhiraj

Went beyond 4.00

My pick for the contest and havent seen it posted.
4.34 close today

Quote from: dhiraj19 on January 30, 2006, 05:51:18 PM
My pick for the contest and havent seen it posted.
4.34 close today

Hey Dhiraj, your pick was declassified by Ramsburg, see the link http://www.3stocksonfire.org/trading/index.php?topic=4349.msg42600#msg42600

DEZ is going great, shame for me I sold real early and never got back in.

Good Luck

Quote from: dhiraj19 on November 28, 2005, 10:05:46 AM
I kept it .. and now paying for it... 

Congratulations dhiraj19!!!!  Amazing how you were kind of dissapointed at first but your patience definetely paid off......... Do you still hold it?

Dez is doing great.  I have both AUY and DEZ - anyone else out there have some?

DEZ is around $5 now as a result of being bought by AUY (.60 of each AUY share).  Does anyone know where $GOLD is going?  It seems to be sitting on the support line of the upward trend channel. I don't know how to post charts...