cp82, I am a short term investor/small day trader for a hobby to get few $ profits for my grandchildren. With MOL, 2 facts need to look at:
1.Moly price is low, debt is big, $150mil + interest need to be paid by end of Oct 09, not easy to refinance when moly price is low. Can MOL meet dead line for it debt?
2.Will Chinese happily put big $ for small amount of IO in MOL co?
Director has a good talk at D&D in Kalgoorlie, but why Chinese not sign early? Maybe because of a small IO and Moly price is low??? I maybe WRONG, but chart shows overbought that is why my last out was >$1.05 to keep profits as my above post. I did the same with MEO, MRE, KZL and others by sold off when all lines (CMO, RSI, RMI, MACD, etc) of chart enter red area >80/90 and buy back when sp is lower.
About technicals, I am NOT a chartist or Fib expert. I read and learn from books/net and combine news/research and chart for trading. I can be right and WRONG too.
You might like to read few things (below)for fun.Good luck.