MCO 0.00% 11.0¢ morning star gold n.l.

2011 - agm - building a golden future, page-54

  1. 121 Posts.
    Mouse,
    I think that the following indications show MCO could be on a short pull back ready for a reversal to the upside.
    Macd lines closing but they have not crossed, Macd below the hostogram which is not good but the lines are narrowing.
    PHLX Gold and Silver index is rising and MCO has generally followed along with that. Price at the bottom of BB and price generally traces back the other way from an extreme.
    Its all speculation but IMO this is just a pull back in price before an event announcement. It all depends on the event announcement of course, but if they give us any positive about production I think MCO is poised for a very strong increase with plenty of graph to move.
    It all depends if we want to stick around to see the outcome, Iv'e personally been like Columbia before and escaped other similar circumstances and its never nice to see a price go up after you get out. It is about managing our risk and understanding what level we are comfortable at.
 
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