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I am not dumping anything. Surprised it broke .03 though. If everything falls in to place with my other money I will not touch this. Either way I will continue accumulating when possible.
quote:Originally posted by jordanreed: IMO...MGEN will continue at these levels, or possibly move lower, to the mid .01 to .025 range depending on news. If no news, then will most likely move to those levels(major support). With a positive pr ,then they might move to resistance,which would be the .057 range(major resistance). To move beyond those levels,or stay there, it will need more positive news almost immediately. To move to the .13 level it will need more major contracts throughout the U.S....which could happen.I like the co.s product and think they will go higher in the future. ..But only .13 if some super great ,unbelievable, pr comes out right....NOW
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Well, It's obvious that some insider wanted to buy around 1 millions shares and MM's satisfied it at the BID.. They must be so desperate to get this stock. I really don't think any of us sold any shares in that 5 minutes. Good think this makes a clear bottom and a pullback will signal bullish trend.
You guys right, I may need to draw a new chart but I'm still bullish. I don't think target prices will change much only dates and trends will.
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quote:Originally posted by RCAnalyst2007: Well, It's obvious that some insider wanted to buy around 1 millions shares and MM's satisfied it at the BID.. They must be so desperate to get this stock.
Ya - that's what it is.....Fiddle, Fiddle, Fiddle.....
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Hey fella's... you know this crow I'm eating doesn't taste so bad after all! Ahhh good call guys. When they are right they are right RCA and you have to tip your hat to them.
I will tip my hat if we go down and stay there for 3 days. Why nobody sells it anyway if everybody thinks we will go down. I KNOW I'M BUYING MORE NOW.. This is nothing but MM's accumulation game.
What we did today was creating another a strong base support at 50d average. My target prediction are based on 200d and 305d averages. We will eventually get there..
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you're the one created this board.. Looks like you were out out of MGEN long before.. was just daytrading I assume.. I will look at that one..
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RCA- I'm hanging in, not selling, and will still accumulate. It will run that's for sure. Mornings like these are hard on everyone. Like watching your son strike out. Our day will come.
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I don't know if anybody listened to me about CNES. I told them and gave them a chart saying that CNES will not move above 0.0015 and said it will move to 0.08 and stay at 0.010 until May 5th. Looks like I was right.. When I'm right, I get no appreciation. When I give you wrong prediction, I'm bad person. But, I will be right on MGEN. I'll do my best to achieve that goal. I will create another chart tonight and find out why we did this today. Maybe I missed something.
Still, my targets are very bullish. We're just bottom fishing right now. No biggie.
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Hey I don't think your a bad person RCA. I appeciate you throwing your predictions out there. I did listen to your CNES predicition and did not jump in. Nobody is 100% accurate, and I think everybody who has posted here knows that.
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The important thing is that the 50d average is curving up and will cross 200d average and also will cross 305d average just like USXP did. The question is WHEN? That's what I'm trying to figure it out. Just like CEO says 2 months is a good timeline and my predictions are based on that timeline. I just need work on it more to be more precise.
There is also still chance that me might pullback and continue higher. All we did is a long bottom.
Charts below. Compare USXP with MGEN. (look moving average crossings)
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Well it sure is quiet here. Looks like alot of buys coming in around the .025 range. Large volume today, already 3m plus. Might as well pick up the pieces and trudge on with head held high.
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