MGK 0.00% 0.8¢ mil resources limited

buying pressure like this must be news soon, page-25

  1. 2,453 Posts.
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    "big buyers are swarming"

    LOL! Thought I was on the wrong thread for a minute there - I had to do a double-take.

    My idea of "swarming buyers" is what happened to CEO on Thursday. Line sweepers came in buying $260-300k chomps, and doing that all day long. Not 300k units, but 300k DOLLAR orders.

    Not cross-promoting here. Just explaining what real buying interest may look like to other posters, including myself... Total daily value traded for MGK was $30k. Add a few zeros and we'll talk.

    I hope when MGK does attract some real buying interest, there is sufficient momentum to push through some key resistance levels. In recent history we have had some higher-than-average volume trading days where you can see the price went up and closed up, only to retrace back down (and then some).

    MGK's projects have a lot of promise - And we can all make some money here and there from directors selling the promise. But shareholders (inc. directors) will make some real coin if management can DELIVER the promise.
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