Ann: Magnum Project Update, page-25

I’ve been in a few shockers / sitting ducks, but MGU isn’t nor will it ever be one of them.

I entered higher than today’s close price, but I bought more today. Kinda saw it as an opportunity to, dare I say, “average down”, but that phrase doesn’t really apply to this stock. I only use that term when I want to get out and buy more to bring down my break even price i.e. like on the shockers / sitting ducks I mentioned.

With MGU, I saw it more like a perfect opportunity to pick up more at a ridiculous price. I’m putting this in my bottom drawer and I’ll look again in a few months time. Patient stock. Hopefully by then 20c will be our new support..... Until then, I got bigger fish to fry!!

Good luck to everyone in the short term!!