Chart base breakout still early toot toot, page-42

thanks. I've actually been in mgt since it jumped up to 2.4 cents a few months ago. I had been following it for a while and wondered why it was trading so cheap. I held off to see an uptick of volume and share price before buying in. This good timing made me wonder if more knowledge of the graphs would give me more confidence in holding certain stocks. I have googled a few charts on the cup and seems like anything. If enough people believe in it then it will happen "sometimes". An understanding of News and market conditions still seem to be the best gauge. This is one penny Stock that I have felt very comfortable with and used the drop last week to top up.
I think big news will start flowing and while iron ore is on the boil it just increases our chance of securing good funding, a joint venture or buy out. Lots happening in this sector and magnetite mines has a massive deposite. I definitely don't want to be watching from the sidelines on this one.