MFE magnetite mines limited

chart coiling up

  1. 2,927 Posts.
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    Volume low today but buyers and sellers in depth pretty well balanced out.

    I'm can't say what day, but very soon, probably within the week there has to be a technical break out on this one. The large pennant from its peak and lows is really coming to a head and the trading range is getting tighter and tighter. News will most likely do it. Naturally i expect a large positive break, but I am probably biased in my knowledge of the stock.

    Notably the market for 09' 20 cent options continues to provide a 20% premium.


    Happy to wait.
 
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