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Rolling the dice on MMG. Company has no debt, rated 5 stars on Motley Fool's CAPS, and is close to it's lows.
Posts: 87 | Registered: Aug 2007
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Ask at the close on Friday was .40. Looking at it now before the open it is $1.42. There does not seem to be a lot of people willing to sell this stock. Shareholders should place GTC sell orders at a high price to lock up their shares and prevent short selling. (I'm not sure if that really works, any input is welcome)
Posts: 87 | Registered: Aug 2007
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This thing is bouncing around like some fine imported booty! Most of the down ticks look like small transactions. The up ticks are larger buys. Hopefully it can build some momentum. Insider buys last month were in the .70s and .80s.
Posts: 87 | Registered: Aug 2007
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Good volume today. And another strange after-hours purchase at $.42. Increasing commodity prices are good for mining stocks.
Posts: 87 | Registered: Aug 2007
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Metal prices are trending upwards, and volume in MMG is building. If this thing pops it will be a very merry Christmas.
Posts: 87 | Registered: Aug 2007
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Whoa, wild swing on heavy volume; Nearly 3 times the 3mo average traded today! We haven't seen this volume in over 4 months; MACD showing serious bull hornage, and the Williams %R is pointing north! Great long term prospect since competitors are closing zinc mines due to low price and high inventory, may be getting the attention of institutional buyers. The trades were in relatively large chunks today so I didn't think they were all individual investors. GLTA
(BTW, does anybody know any web sites where we can track institutional buys?)
Posts: 87 | Registered: Aug 2007
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