posted
MAGR is now showing me a pattern that it was following when it did it's previous runups---FRI afternoon runs---I am not reccommending a buy right now-- if it follows this pattern of old--(it took a few weeks off)--it will drift lower earlier next week and then another FRI afternoon run------i have no explanation for this phenomena--but i have a loto'free shares trom folowing this trend----on the other hand--we ARE WAITING on news of mineral deposits copper/gold
IP: Logged |
quote:Originally posted by glassman: MAGR is now showing me a pattern that it was following when it did it's previous runups---FRI afternoon runs---I am not reccommending a buy right now-- if it follows this pattern of old--(it took a few weeks off)--it will drift lower earlier next week and then another FRI afternoon run------i have no explanation for this phenomena--but i have a loto'free shares trom folowing this trend----on the other hand--we ARE WAITING on news of mineral deposits copper/gold
posted
this pattern is contrary to day trade patterns-- the norm is that day/shortswing traders clear their portfolios on weekends and esp three day ones--- my analysis is that long term holders buy in on Fridays---Friday is buy day--the long term collectors don't have to gat scalped by the day traders cuz they are selling not buying and trading--I could be wrong------------
IP: Logged |
quote:Originally posted by glassman: I may be ALL WRONG---i just pulled a daily two month chart and i see an upside down head and shoulders-------------
posted
watch this on Monday morn--I see resistance at .175--if it breaks this I expect we will see some real action-- the private placement(which i don't know the exact status on) was for .25/share with warrants at .30----the previous successful placement was .15 and they got it to .25 for them -----they seem to deliver-do your DD this is a high risk stock--- i am in for the long and strong
IP: Logged |
quote:Originally posted by glassman: watch this on Monday morn--I see resistance at .175--if it breaks this I expect we will see some real action-- the private placement(which i don't know the exact status on) was for .25/share with warrants at .30----the previous successful placement was .15 and they got it to .25 for them -----they seem to deliver-do your DD this is a high risk stock--- i am in for the long and strong
Where did you read about the warrants? Just really currious, didn't know too many places issued warrants outside of Europe.
posted
Been in MAGR since OCT '03... LOTS of room to play there. Bought and sold a dozen times. Not sure it's as risky as you say it is. Management is SOLID. Years and years of solid experience in mining (REALLY!). They're in a PRIME location (Mongolia), surrounded by bigger players (Ivanhoe, Entree, etc...) Of course, drills have not started turning (end of Feb '04). There is an EXCELLENT board at Stockhouse.com. VERY knowledgeable, serious posters there that I respect enormously (from experience). The stock has been dead in the water lately... compared to December '03. The latest PR was a big mistake, I think. Just fluff... which is unlike them, really. Gold stocks are just not performing right now... but they will soon, after the thaw... and MAGR is poised to kick a$$ big time in my op. Curious about the Friday run mentionned above... never really noticed it in that way before. Anyhoooo... back to the 'romantic comedy' I rented with the wife on this Valentine's Day. (She thinks I'm at the washroom) Addiction is my big guilty secret. salemm.
quote:Originally posted by Fallstaff: Where did you read about the warrants? Just really currious, didn't know too many places issued warrants outside of Europe.
quote:Originally posted by Fallstaff: Where did you read about the warrants? Just really currious, didn't know too many places issued warrants outside of Europe.
posted
if you overlay the charts and the PR you will see a clear cause/effect pattern develop---including the E--i ate that one like bizcuits-n-gravy-right DIANA? http://www.magnumexploration.com/index.php?sect=2&page=6 [/B][/QUOTE]
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
