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4.2¢ magnis energy technologies ltd

Ann: 2015 Annual Report, page-74

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Green Bull

5,733 Posts.

8150

07/10/15

10:18

Post #: 16127893
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Originally posted by Tradergimp ↑

Green bull as others have stated,
Ive been asking for that gap to close for some time and as a result of the current action im only holding free carry shares while this trading range plays out.
Note, free carry shares are where say you buy 50k worth of shares at 24 cents and then you sell 50k or half your shares at 48 cents. So you have all your capital back but still have skin in the game. Search my past mns posts you will find them. But yes there is risk in MNS atm.
With regards to ultra high volume bars in mns please point out the up bar that is 25 times the normal volume that also gapped up 40%?? I dont see it.

Note its why I asked if you have a buy order set if your share closes the gap?? Now if you had also sold the sum of your capital input at or near the recent highs you would have zero risk, and if the gap does close and your still long you could reinvest that capital down near .007 ready for the next run?? Just my opinion and my way of trading to protect my capital at all costs. No fear of missing out here. Good luck and DYOR.

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Nice education for me there - appreciate it.

Pity that it wasn't an "ultra high volume day" otherwise that gap at 37c wouldn't need to get filled.

Cheers,

GB.

MNS Price at posting: 42.0¢ Sentiment: None Disclosure: Not Held
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