"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, October 29, 2007

MGN - Interesting trade possibility


I took a position here today in an act of willing the breakout to complete. MGN is not one of my favorite miners and certainly would not be considered "core", but experience has told me that when/if this break happens, this stock hauls a$$ quite quickly. The chart, on both the daily and weekly is one that gets me a little, er, excited. No recommendation and I may sell this at any moment if things do not proceed as expected.