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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the production of copper concentrates under a tolling agreement with DET.


TSX:ARG - Post by User

Bullboard Posts
Comment by wizwizon May 28, 2007 4:18pm
436 Views
Post# 12852355

RE: VectorVest Stock Analysis of Amerigo

RE: VectorVest Stock Analysis of AmerigoI agree. I studied the Vector Vest buy and sell signals for other stocks and it was often late in buying and late in selling. You won't see a buy signal from VectorVest for ARG until the prices moves above its 40 day MA which will be at $2.90 (using today's price). So if you wait for VV you lose at least 11% if/when ARG turns up. VV won't pick a stock unless it has some upside momentum, which makes sense, but you'll do a much better job if you can pick bottoms yourself and just use VV for its funamental analysis. There is one other flaw with VV. If the company's fundamentals are lousy, but the stock price is making huge gains (30%-50% in 2-3 months), it still won't pick the stock. It has to have good fundamentals and good timing for the stock to be chosen. This means VV will ignore speculative stocks that are soaring. WizWiz
Bullboard Posts